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Economically, there is sensible room for manoeuvre without damaging growth.
These inconsistent signals have created uncertainty for investors, damaging growth and retarding innovation.
It will need to slash these without damaging growth, which will require a tricky balancing act.
All governments face the tricky balance of appeasing the markets without damaging growth: Britain's new government had a go this week (see article).
A BIS spokesperson said that it would not comment on leaks, but added: "Work continues to resolve the difficult but important challenge of balancing the departmental books while not damaging growth.
George Osborne merely said that It was a reality check for the whole political system that Britain has to deal with its debts, that we can't waver in the path of dealing with our debtsFor the opposition, Ed Balls drew the opposite conclusion arguing that the government was trying to cut the deficit too fast and thus damaging growth.
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That might have damaged growth.
In the economy as currently structured, a fall in confidence and consumption would undoubtedly damage growth.
We believe that, in an age of increasing interdependence, isolating Britain will damage growth, jobs and prosperity.
"It won't do much to damage growth," said Holger Fahrinkrug, an economist at Warburg Dillon Read in Frankfurt.
We have to do that in a way where we phase in the reforms, so they don't damage growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com