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HM Treasury

Spending Review

Spending Challenge video transcript

Chancellor of the Exchequer George Osborne introduces the Spending Challenge:

Today we’re asking you for your ideas on how save your money and improve your public services.

You pay your taxes, you use those public services, tell us how we can improve them and make sure we get better value for your money.

Everyone knows that this country has a huge debt problem.  We’re borrowing one pound for every four pounds we spend and that’s more than almost any other country in the world.

If we don’t deal with this debt problem our economy will suffer and jobs will be lost.
We’ll end up spending more every year just paying for the interest than on educating our children.

So we need to tackle our debts and that means cutting spending and that’s where we need your help and your ideas.

A couple of weeks ago I asked people who work in our public services for their ideas and an amazing 56,000 people got in touch. It just shows how people respond when they’re given a chance. We’re already putting into practice many of their ideas.

Now I’m asking the general public for their views. Tell us – where’s the waste, what should we cut out, what can we improve, what’s working really well that we should be doing more of.

You let us know. You can get in touch via the Spending Challenge website or by going to the Democracy UK section on Facebook.  Your Government needs you – please get in touch.

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