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Spending Review Today

Spending Review Today

Today is the day when the Chancellor will reveal his plans for Government spending and the nation’s finances.

The spending review sets the amount Government departments will spend – a £4tn budget over the next five years.

Spending reviews were introduced by Gordon Brown in 1998 and the last one was in 2013.

The Autumn Statement details the Government’s general tax and spend plans. It’s not really that much read more

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We Need To Cut An Extra £25bn A Year

We Need To Cut An Extra £25bn A Year

Chancellor George Osborne indicates he will target the welfare budget for much of the £25bn of cuts that must be made from 2015.

George Osborne at the Conservative party conference 2013

George Osborne said more cuts are to come

A further £25bn of cuts must be made after the next election if the Government is to eliminate the UK’s deficit, Chancellor George Osborne has said.

Mr Osborne, who will set out his priorities for the next 12 months in a speech later this morning saying 2014 will be “the year of hard truths”, indicated he would be looking to the welfare read more

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George Osborne Reaches Deal On Spending Cuts

George Osborne Reaches Deal On Spending Cuts

  • Posted: Jun 23, 2013
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(Reuters) – Chancellor George Osborne completed talks on Sunday with government departments aimed at securing spending cuts worth 11.5 billion pounds in 2015-16 to help reduce the country’s budget deficit, the Treasury said.

George Osborne on the BBC

Britain’s Chancellor of the Exchequer George Osborne appears on the BBC’s Andrew Marr Show, presented by Sophie Raworth, in this photograph provided by the BBC, in London June 23, 2013.

The finance ministry said it had reached agreement with all departments, three days before Osborne is due to publish details of their spending limits on June 26.

The talks to find spending cuts starting in 2015 – when voters go to the polls – posed a political headache for Osborne, particularly over the sensitive defence read more

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Budget 2013 Statement

Budget 2013 Statement

  • Posted: Mar 20, 2013
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Budget 2013 Statement to the House of Commons by the Rt Hon George Osborne, MP, Chancellor of the Exchequer.

Mr Deputy Speaker, this is a Budget for people who aspire to work hard and get on.

It’s a Budget for people who realise there are no easy answers to problems built up over many years.

Just the painstaking work of putting right what went so badly wrong.

And together with the British read more

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Hopes Rise Fuel Duty Hike Will Be Scrapped

Hopes Rise Fuel Duty Hike Will Be Scrapped

  • Posted: Mar 14, 2013
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Chancellor George Osborne is predicted to take the step in his Budget next week to help ease the cost of living.

Chancellor George Osborne is planning a hike in fuel to help britons ease the cost of living.

The move would mean that the coalition has axed or frozen every scheduled rise since 2010 and the prospect has already been welcomed by motoring groups.

The duty was due to rise in the autumn but Mr read more

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Elderly Care Bills To Be Capped At £75,000

Elderly Care Bills To Be Capped At £75,000

  • Posted: Feb 11, 2013
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It has been announced today that elderly care bills are to be capped by the state in a £1bn move expected to be funded by dragging more people into inheritance tax.

The cap on how much pensioners pay for care is to be set at £75,000, more than double the £35,000 recommended by the Dilnot Commission.

But the assets threshold beneath which people will receive means-tested support is to be hiked significantly – up from £23,250 to £123,000.

The new Government new idea is to extend the freeze read more

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