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Editor's blog Wednesday 14 July 2009: Public spending cuts ahoy, confirms Baron Foy, in 'Pope a Catholic' shock

Hurrah! Baron Mandelson of Foy has confirmed that public spending is going to have to be reduced.

Expect an announcement later today from the Prime Minister revealing cutting-edge research conclusions that bears do indeed shit in the woods.

Update - 23.45 pm: Jings! They are not kidding, according to Cabinet Secretary Gus O'Donnell. The management of public expectations proceeds apace.