Spending cuts 'deliverable', says George Osborne (BBC News)
George Osborne has hit back at claims by a group of MPs that the government's spending cuts are not deliverable.
The chancellor said the cuts would be a "challenge" but would be achieved through greater transparency and accountability.
The "shockingly poor" quality of financial data would also be improved.
The Commons Public Accounts Committee found only £15bn of a three-year £35bn savings programme outlined in 2007 had been achieved by 2009.
This left MPs "gravely concerned" about the possibility of making the larger reductions demanded in the recent Spending Review, its report added.
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