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Author: Great Britain. Treasury
Publisher: The Stationery Office
ISBN: 9780101794220
Category : Business & Economics
Languages : en
Pages : 116
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Book Description
In 2009-10, public expenditure rose to 48 per cent of GDP whilst income fell to 37 per cent, resulting in the largest deficit in Britain's peacetime history. This Spending Review sets out how the Coalition Government will carry out its deficit reduction plan. Particular focus has been given to reducing welfare costs and wasteful spending. This has enabled the Coalition Government to prioritise the NHS, schools, early years' provision and the capital investments designed to support long term economic growth. Departmental budgets other than health and overseas aid will be cut by an average of 19 per cent over four years. Key areas of Annually Managed Expenditure (AME) in addition to Departmental Expenditure Limits (DELs) for each government department and for the devolved administrations are covered. The Review sets out departmental spending plans for the four years until 2014-15 and further savings and reforms to welfare, environmental levies and public service pensions. The Review protects high value transport maintenance and investment, maintains the science budget, invests in apprenticeships and the low carbon economy and allows universities to increase fees from the 2012-13 academic year. Fundamental reforms will simplify the welfare system and make net savings of �7 billion a year. Social housing will be reformed and social care will receive an additional �2 billion by 2014-15. Public service reform underpins the Review: decentralisation of power; cutting burdens and regulations on front-line staff; improving transparency, efficiency and accountability of local services. Local government will have greater freedom but must work within reduced allocations. Public sector pensions will be reformed in line with Lord Hutton's recommendations. Central government administration costs will be cut by 34 per cent by 2014-15. Government departments will produce business plans later in 2010 detailing reform plans and priorities.
Author: Great Britain. Treasury
Publisher: The Stationery Office
ISBN: 9780101794220
Category : Business & Economics
Languages : en
Pages : 116
Get Book Here
Book Description
In 2009-10, public expenditure rose to 48 per cent of GDP whilst income fell to 37 per cent, resulting in the largest deficit in Britain's peacetime history. This Spending Review sets out how the Coalition Government will carry out its deficit reduction plan. Particular focus has been given to reducing welfare costs and wasteful spending. This has enabled the Coalition Government to prioritise the NHS, schools, early years' provision and the capital investments designed to support long term economic growth. Departmental budgets other than health and overseas aid will be cut by an average of 19 per cent over four years. Key areas of Annually Managed Expenditure (AME) in addition to Departmental Expenditure Limits (DELs) for each government department and for the devolved administrations are covered. The Review sets out departmental spending plans for the four years until 2014-15 and further savings and reforms to welfare, environmental levies and public service pensions. The Review protects high value transport maintenance and investment, maintains the science budget, invests in apprenticeships and the low carbon economy and allows universities to increase fees from the 2012-13 academic year. Fundamental reforms will simplify the welfare system and make net savings of �7 billion a year. Social housing will be reformed and social care will receive an additional �2 billion by 2014-15. Public service reform underpins the Review: decentralisation of power; cutting burdens and regulations on front-line staff; improving transparency, efficiency and accountability of local services. Local government will have greater freedom but must work within reduced allocations. Public sector pensions will be reformed in line with Lord Hutton's recommendations. Central government administration costs will be cut by 34 per cent by 2014-15. Government departments will produce business plans later in 2010 detailing reform plans and priorities.
Author: Great Britain: H.M. Treasury
Publisher: Stationery Office
ISBN: 9780101863926
Category : Business & Economics
Languages : en
Pages : 76
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Book Description
The Government's economic plan has three parts: keeping mortgage rates low for families and fixing the banks to support investment in business; dealing with the country's debts to maintain confidence in the UK's ability to pay its way; and long-term economic reform to back aspiration and equip Britain to win the global race. The Government will continue to reduce the deficit by taking difficult decisions to cut public spending and prioritise investment in infrastructure to deliver a stronger economy and fairer society. Because spending reductions since 2010 have been accompanied by reforms to how services are delivered, crime is at its lowest level in 30 years, school standards have risen and employment is at record levels. The Government will reduce current spending by £11.5 billion in 2015-16, allowing it to increase capital spending plans by £3 billion a year from 2015-16 and by £18 billion over the next Parliament. Without the £3.6 billion savings from the welfare budget in 2015-16 that were announced at Autumn Statement 2012, reductions in departmental spending would have been commensurately higher. The Government will protect spending on health, schools and overseas development - maintaining the vital public services that everyone relies on at home, and supporting the poorest overseas
Author: Great Britain: H.M. Treasury
Publisher: Stationery Office
ISBN: 9780101866927
Category : Technology & Engineering
Languages : en
Pages : 82
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Book Description
In this paper the Government announces an increase in capital spending plans by £3 billion a year, from 2015, which means an additional £18 billion of investment over the next parliament. The Government is taking a long-term approach to infrastructure, to overcome decades of short-term decision making and uncertainty in funding, financing and failures in delivery. Plans include over £70 billion of investment in transport, over £20 billion in schools and £10 billion in science, housing and flood defences. Specific commitments include funding for HS2, the biggest programme of investment in roads since the 1970s, and superfast broadband provision will be expanded so 95 per cent of UK premises will have access to superfast broadband by 2017.Action is being taken to provide the support needed to enable up to £100 billion of private sector energy investment, including through the further roll-out and extension of the UK guarantees scheme. Lessons on successful project delivery will be learnt from the Olympics and similar examples.
Author: Mary O'Hara
Publisher: Policy Press
ISBN: 1447374525
Category : Political Science
Languages : en
Pages : 406
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Book Description
Austerity has proven deadly. Over the last decade, the damage caused by austerity measures in the UK has had a long-lasting and profound effect on many lives. The first edition of Austerity Bites offered on-the-ground reportage of one of the most significantly regressive economic strategies of any post-war government. Over a year Mary O’Hara toured the UK to gauge the immediate impact – and expectations of people affected – and found many clinging to the hope that austerity cuts would not last long as the damage became increasingly apparent. Alas, this was not how things unfolded. Instead, much of the Welfare State had its vital support systems systematically undermined. The public sector, including the NHS, is now on its knees. Schools are buckling under multiple structural and budgetary pressures. Councils – even big ones – are going broke. Homelessness is rampant. While Brexit, the pandemic, and war have no doubt impacted the economic health of the country, previous austerity cuts left the UK less prepared to weather such extraordinary events. With new commentary, Austerity Bites 10 Years On assesses on the true scale of the damage these policies have inflicted on the country’s most vulnerable groups, public institutions and on the wider society. It reflects on where we have been, where we are now and what needs to happen next to undo the damage and avoid the same mistakes again.
Author: Mary O'Hara
Publisher: Policy Press
ISBN: 1447315707
Category : Social Science
Languages : en
Pages : 292
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Book Description
Since taking power in 2010, the Coalition Government in the United Kingdom has pushed through a drastic program of cuts to public spending, all in the name of austerity. The effects on large segments of the population, dependent on programs whose funding was slashed, have been devastating and will continue to be felt for generations. This timely book by journalist Mary O'Hara chronicles the real-world effects of austerity, removing it from the bland, technocratic language of politics and showing just what austerity means to ordinary lives. Drawing on hundreds of hours of first-person interviews with a wide range of people and, in the paperback edition, featuring an updated afterword by the author, the book explores the grim reality of living amid the biggest reduction of the welfare state in the postwar era and offers a compelling corrective to narratives of shared sacrifice.
Author: Great Britain. Treasury
Publisher: The Stationery Office
ISBN: 9780101874724
Category : Business & Economics
Languages : en
Pages : 126
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Book Description
Despite the improvement in the public finances, this year's Autumn statement is fiscally neutral and locks in lower spending by reducing departmental budgets for 2014-15 and 2015-16 by 1.1% but excluding local government, Security & Intelligence Agencies and HMRC. The Government will: cap the Retail Prices Index in business rates to 2% in 2014-15 and extend the doubling of Small Business Rate Relief to April 2014; will provide a business rate discount of £1,000 in 2014-15 and 2014-16 for retail properties with a rateable value of up to £50,000 and a 50% discount from business rates for new occupants of previously empty retail premises for 18 months; abolish National Insurance Contributions for under 21 year olds on earnings up £813 per week; remove cap on higher education student numbers; announce further reforms to make the most of the UK's science base; introduce a new tax relief for shale gas, and increase support for employee ownership and the creative industries; improve the UK's infrastructure with the National Infrastructure Plan 2013; and take further action to increase housing supply and support home ownership. Fuel prices will be frozen and the impact of policies on energy bills will be reduced. The average increase in rail fares will capped. Married couples & civil partners will be allowed to transfer £1,000 of their income tax personal allowance to their spouse where neither is a higher rate taxpayer.
Author: Ian D. Rotherham
Publisher: Routledge
ISBN: 1135014884
Category : Nature
Languages : en
Pages : 415
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Book Description
For at least half a century since the emergence of Country Parks and Forest Parks, countryside services have provided leisure, tourism, conservation, restoration and regeneration across Britain. Yet these services are currently being decimated as public services are sacrificed to the new era of austerity. The role and importance of countryside management have been barely documented, and the consequences and ramifications of cuts to these services are overlooked and misunderstood. This volume rigorously examines the issues surrounding countryside management in Britain. The author brings together the results of stakeholder workshops and interviews, and in-depth individual case studies, as well as a major study for the Countryside Agency which assessed and evaluated every countryside service provision in England. A full and extensive literature review traces the ideas of countryside management back to their origins, and the author considers the wider relationships and ramifications with countryside and ranger provisions around the world, including North America and Europe. The book provides a critical overview of the history and importance of countryside management, detailing the achievements of a largely forgotten sector and highlighting its pivotal yet often underappreciated role in the wellbeing of people and communities. It serves as a challenge to students, planners, politicians, conservationists, environmentalists, and land managers, in a diversity of disciplines that work with or have interests in countryside, leisure and tourism, community issues, education, and nature conservation.
Author: Daly, Mary
Publisher: Policy Press
ISBN: 1447318862
Category : Social Science
Languages : en
Pages : 242
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Book Description
The recent radical cutbacks of the welfare state in the UK have meant that poverty and income management continue to be of great importance for intellectual, public and policy discourse. Written by leading authors in the field, the central interest of this innovative book is the role and significance of family in a context of poverty and low-income. Based on a micro-level study carried out in 2011 and 2012 with 51 families in Northern Ireland, it offers new empirical evidence and a theorisation of the relationship between family life and poverty. Different chapters explore parenting, the management of money, family support and local engagement. By revealing the ordinary and extraordinary practices involved in constructing and managing family and relationships in circumstances of low incomes, the book will appeal to a wide readership, including policy makers.
Author: Great Britain. Parliament. House of Commons. Treasury Committee
Publisher: The Stationery Office
ISBN: 0215081536
Category : Business & Economics
Languages : en
Pages : 88
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Book Description
The Treasury has again been unable to provide all the information needed by deadlines agreed with the OBR. The Government may, as the Chairman of the Office for Budget Responsibility suggested, have decided that for political reasons this was a "price worth paying." This would set an undesirable precedent. The work of the Office for Budget Responsibility depends on the Treasury meeting the agreed deadlines. The Committee welcomes the OBR's innovation of providing uncertainty ratings for policy costings. The Committee recommends in future that the OBR publish a breakdown of the uncertainty rating assessment against the three criteria for all announced measures at Autumn Statements and Budgets. The Committee also welcomes the Government's continued publication of the distributional analysis of the Government's policy changes and recommends that the next Government continue with this important aid to transparency. The current inflation target set by the Government is symmetrical, and is 2 per cent at all times. Several witnesses alluded to the risks of very low inflation and subsequent deflation, including the Chancellor. The Chancellor has publicly welcomed the current level of inflation. This is not likely to help anchor inflationary expectations. The Governor of the Bank of England is required to write to explain to the Chancellor why inflation has fallen below 1 per cent. It is important to avoid mixed messages on inflation targeting. The Bank of England should undertake research on the effect of net migration, and the potential for future net migration, on the supply of labour and wage growth as part of the work on meeting the MPC's remit. The Treasury should ensure that discussions within Government on immigration policy fully consider the requirements of the economy.
Author: Great Britain: Parliament: House of Commons: Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215555410
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
This report provides cross-party commentary on the Government's Spending Review 2010 (Cm. 7942, ISBN 9780101794220), which will shape public policy for the coming Parliament. Scrutiny of the Government's consolidation reform plans will be one of the Committee's key tasks over the entire course of the Parliament, and it expects to conduct regular enquiries into the Government's fiscal and expenditure planning, and the Office for Budget Responsibility's forecasts. The use of the Public Expenditure Committee, and a wide range of systems of meetings and more select groups, resulted in a collective decision-making process. The Report examines some of the key spending decisions. It concludes that although ring-fencing might fulfil electoral promises, it could also lead to allocative problems across government as a whole, and reduce scrutiny of the efficiency of ring-fenced departments. The Committee examines the allocation of the defence budget at some length. The Committee was particularly concerned by the aircraft carrier contract with BAE, both in itself and, as a symptom of wider difficulties in controlling the defence budget. The Treasury's willingness to increase its distributional analysis is welcomed. The Committee analyses the differences between the Treasury work and that done by the Institute of Fiscal Studies, and calls on the Treasury to consider whether it can adopt some of the IFS's proposals. It also recommends that the calculation underpinning the analysis should be published, to provide transparency and encourage debate. The report notes the difference between "progressive", a technical economic term, and "fair".
