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Explained in plain English

Why cut government spending?

Cutting government spending, often called 'austerity', aims to reduce the national debt and balance the budget. It can free up funds for other priorities or allow for tax cuts. HMRC's cost savings contribute to this broader goal, potentially leading to a more stable economy for the UK.

Stories that explain this

HMRC cuts operating costs 18%, replaces 100+ contractors.

Related explainers

How does UK spending compare? What is a contractor? How does HMRC affect me? What are public services? What is a service model? Why cut welfare spending? Can the government cut prices? Government spending choices

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