£6 billion spending cuts to be announced today

[lilelvis2000]

BBC News - George Osborne to outline

£6 billion is just enough to hit the fragile recovery while not making a dent on the £160 billion deficit

When the lobbying fails and the rating agencies are forced to rate the UK down, then the real pain will start.

FFS We're completely bust, Labour ave truly shafted us.

banks are doing okay however. We should be very very happy that £300Bn of our debt has gone to them. I imagine many bankers are on the Costa del Sol having a few Pimms.

[AtW]

banks are doing okay however.

FFS, of course they are doing ok now - they pay saves 0.05% but they still charge borrowers 5%+ - I doubt their margins were ever that high FFS

[HairyArsedBloke]

banks are doing okay however. We should be very very happy that £300Bn of our debt has gone to them. I imagine many bankers are on the Costa del Sol having a few Pimms.

Bit early for that. There is Henley, Ascot and Wimbledon to get through yet before anyone goes abroad. Mabye in the second half of July.

[SofaKingdom]

Cut the enormous paper pushing assholes sitting on their arses all day in plush offices doing nothing but drink tea and chat up hotties ( who do nothing but wear short skirts and flirt with their managers)

BTW, which hottie mentioned the enormous bit?

[Flashman]

Cuts ? hahahahaha

The gravy train rolls on!

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Pigs. Snouts. Trough. Nothing changes.

[SantaClaus]

Cuts ? hahahahaha

The gravy train rolls on!

Senior Diversity Policy Manager jobs, Greater London, £60,000 - £70,000 PA plus excellent benefits | Guardian Jobs

New today. Apply now!

Pigs. Snouts. Trough. Nothing changes.

I've got 3 eyes, 2 heads and four left feet. Do I qualify?

[moorfield]

I've got 3 eyes, 2 heads and four left feet. Do I qualify?

Only if you're an ethnic minority lesbian.

[Sysman]

Cuts now announced

And in other news, Northern Rock savers lose their guarantee

[minestrone]

The use of first-class travel by civil servants will be restricted. Quangos that overspend on first-class travel could have the money deducted from their budgets.

[Sysman]

and in further news No refunds for ID card pioneers

There will be a bill to abolish the cards, along with electoral and parliamentary reform - a move to equally-populated constituencies and to the Alternative Vote system - in the Queen's Speech tomorrow.

But thousands of people persuaded to buy an ID card should not expect a refund the Sunday Telegraph reports.

Oh, and

Several big IT projects are also likely to get the chop as part of the wider search for savings.