Economy 20 October 2010 The assault on the poor The Spending Review is reckless, unnecessary and unfair. Print HTML Here are four key points that stand out from George Osborne's Spending Review: 1) £7bn squeezed from the welfare budget, on top of the £11bn already announced. 2) 28 per cent cut in local council budgets over four years. 3) 60 per cent sliced off the affordable housing budget. 4) 490,000 jobs gone in the public sector over the next four years. › A U-turn on reversing the surveillance state Mehdi Hasan is a contributing writer for the New Statesman and the co-author of Ed: The Milibands and the Making of a Labour Leader. He was the New Statesman's senior editor (politics) from 2009-12. From only £1 a week Subscribe More Related articles The free market? There's no such thing Housing associations are under pressure - but we're doing our best Why is the government giving £45m to Roman Abramovich while letting a British steelworks go to the wall?