Will spending cuts be yesterday’s news by the next general election?

By Bagehot

BRITAIN’S politicians are still getting used to the idea of knowing the date of the next general election. Many cannot quite believe that the next election will be held on May 7th 2015, as set out in the coalition agreement, regularly predicting that the Conservatives and Liberal Democrats will split before then or that David Cameron may feel tempted to call a snap election if the polls look like handing him an overall majority. Perhaps such sceptics may yet be proved right.

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