Six more departments agree spending cuts
Danny Alexander says the Treasury is now "around a third of the way" to meeting its £11.5bn savings target for 2015/16 after six more departments reached spending settlements.
The Home Office, DEFRA and DCMS are among the latest departments to have agreed to cuts of “around 8%” ahead of the Chancellor’s spending review later in the month.
“We’re around a third of the way there to the total, but of course discussions are continuing with the remaining departments that haven’t settled yet,” Mr Alexander told BBC News.
Counter-terrorism funding within the Home Office has been protected.
It follows a warning from the head of the Army that further cuts to the Ministry of Defence’s budget could leave Britain’s military capability “seriously damaged”.
With the MoD yet to agree its cuts with the Treasury, Sir Peter Wall told Sky News last night: "We have got to the point in certain areas where we can't go any further without seriously damaging our professional competence and our chances of success on the battlefields of the future."
However Mr Alexander hit back at this criticism today, arguing that a department with “more horses than it has tanks” can absorb further reductions without hitting frontline capabilities.