Chancellor George Osborne has unveiled the biggest UK spending cuts since World War II, with welfare, councils and police budgets all being hit hard.
The Government’s vigorous Comprehensive Spending Review — which will save £83billion over four years — was unveiled this week, on the day dubbed Axe Wednesday.
The report revealed the NHS and education system will receive more money; while the police, prisons, defence and the roads will all face tough cuts.
This dramatic bid aims to cure the nation’s crippling £155bn deficit.
The Chancellor told the Commons: “It is a hard road but it leads to a better future.
“We have chosen to cut the waste and reform the welfare system our country can no longer afford.
“This will bring our country back from the brink of bankruptcy. A stronger Britain starts here.”
Mr Osborne added job losses were “unavoidable” as the country has “run out of money”.
The pension age for men and women will increase to 66 by 2020, saving more than £5bn a year by the end of the next Parliament.
Proposals will also be set out to replace all working-age benefits and tax credits with a single, simple Universal Credit. These welfare cuts alone are said to save a further £7bn a year on top of the £11bn saving made from the emergency Budget announced in June.
Businesses such as commercial recycler and social welfare charity, Recycling Lives, will become increasing important in the future. With a strong reliance on benefit cuts, those stuck in a workless cycle are going to need more help than ever to change their lives for the better.
Recycling Lives Chairman and Founder Steven Jackson, explains how Recycling Lives is equipped to do this, he said: “Recycling Lives helps those who are facing an uncertain future to change their lives for the better; by offering the tools they need to succeed.
Recycling Lives can offer accommodation, education, training, work experience, a job and a work ethic to those determined to break the workless cycle.
“Recycling Lives has integrity and sustainability at its heart and has proven that business can be a force for good while delivering a competitive service.
“The effects of these cuts will be significant but they are imperative to secure Britain’s financial future. Recycling Lives is currently in the process of developing 50 new centres nationwide, so we can offer more people an opportunity to change their lives for the better.