Well after a politically charged day of yesterday when George Osborne announced the full details of the Comprehensive Spending Review – here are the headlines which everyone wants to see – at a glance in budgetary order
- NHS Spending was £109.8 billion – means a 1.3% increase due to cumulative real growth
- Education: Now £53.9 billion – has a 3.4% reduction
- Scotland: £25.4 billion – minus 6.8% reduction
- Defence: £24.7 billion – cut by 7.5%
- Local Government: £22.9 billion – reduced by 27%
- Business, Innovation & Skills: £13.7 billion – cut by 25%
- Wales: £13.5 billion – down by 7.5 %
- Northern Ireland: £9.5 billion – down by 6.9%
- International Development: £9.4 billion – INCREASED by 37%
- Home Office: £7.8 billion – decreased by 23%
- Work & Pensions £7.6 billion INCREASED by 2.3%
- Justice: £7 billion – down 23%
- Transport £4.4 billion – reduced by 21%
- HMRC: £3.2 billion – down by 15%
- Special reserves & Reserves – STAY THE SAME
- Environment, Food & Rural Affairs £1.8 billion – down by 29%
- Dept. Communities & Local Government: £1.2 billion – down by 51%
- Foreign & Commonwealth Office: £1.2 billion – down by 24%
- Culture, Media & Sport: £1.1 billion – reduced by 24%
- Energy & Climate Change: £1 billion – down by 18%
- Cabinet Office: £0.4 billion – INCREASED BY 28%
- HM Treasury: £0.1 billion – reduced by 33%
So this brings us onto the Job Losses – which are estimated to be 490,000 which were forecast by George Osborne, so it will be tough trading times ahead!
