Wednesday, October 20, 2010

UK Spending Review 2010

The key announcements . . . .

(1) About 490,000 public sector jobs likely to be lost
(2) Average 19% four-year cut in departmental budgets
(3) Structural deficit to be eliminated by 2015
(4) £7bn in additional welfare budget cuts
(5) Police funding cut by 4% a year
(6) Retirement age to rise from 65 to 66 by 2020
(7) English schools budget protected; £2bn extra for social care
(8) NHS budget in England to rise every year until 2015
(9) Regulated rail fares to rise 3% above inflation
(10) Bank levy to be made permanent

UK current spending . . . . .

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