As usual the devil is in the details. The details hide transfer of responsibility for some benefits to the councils from central government, this transfer means cuts to local services of a lot more that the headline 26% over 4 years.
Even worse the ConDems seem to have no Economic policy other than cuts and a little wishful thinking. They seem to think that destroying public services will logically lead to economic growth. Despite the fact £82bn is going to be removed from the economy over the next 4 years. It seems the Tory economic policy is an idiotic parody of the South Park episode Gnomes.
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2) ??????????
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Let's hope that they are right, but in my eyes the Gnomes business plan was much more likely to succeed.
I intend to start a blog thread of CutsWatch where I will document the effects these cuts have on the economy in particular my local town.