[MTVN]

So, what do people think of the spending cuts announced today?

Personally, I do feel they are neccesary. After the huge deficit and debt interest that Labour left us with, I don't think that it would be sustainable to continue government spending, and cuts seem a more effective way of eliminating the deficit than rising taxes. And hopefully a flourishing private sector will be incentivised to create more, useful jobs, to replace those that will be lost by the cuts made today.

It may hit a lot of people hard, but I do think that it will stablise the country, and be beneficial in the long run.