Metadata about: £4.4 billion isn’t a helpful way to describe the budget’s “black hole” caused by the withdrawal of the changes—it adds up all the spending over the five years to 2020/21. Dropping the policy will make public finances £1.3 billion worse off than they would have been by the end of the Parliament. And the government was already relying on £3.5 billion other savings that have yet to be identified.

About: Â£4.4 billion isnât a helpful way to describe the budgetâs âblack holeâ caused by the withdrawal of the changesâit adds up all the spending over the five years to 2020/21. Dropping the policy will make public finances Â£1.3 billion worse off than they would have been by the end of the Parliament. And the government was already relying on Â£3.5 billion other savings that have yet to be identified. Permalink

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