Chief Secretary to the Treasury James Murray said: "£1 in every £10 we spend goes on debt interest – money that could otherwise be invested in public services.
“That is why last month the Chancellor set out a Budget that delivers on our pledge to cut debt and borrowing. For example, we’re cutting the cost of politics by abolishing Police and Crime Commissioners, reducing the number of councillors across the country by around 5,000 and reclaiming millions from asylum accommodation suppliers – because we know that every penny of taxpayers’ money must be spent wisely.”
