The IFS scrutinised the deficit reduction plans of the three main parties in the run up to polling day. They calculated that the Conservatives were pledging £96bn of spending cuts by 2015, while the Lib Dems would cut £80bn.
We now know that these two parties would form a Coalition government. In October they announced their Comprehensive Spending Review. Its figures show that the Coalition will cut £81bn from government spending by 2015.
I know my readers are intelligent souls, so I'll leave you to work out whether £81bn is closer to the Lib Dem £80bn or the Tory £96bn.
Let's not forget Labour in this. The IFS calculated they would make £82bn of spending cuts, only the slightest bit different from the Coalition's £81bn. Labour now oppose every single cut the Coalition is making.
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