Public spending review delay proposed
Treasury looking into postponing public spending review until 2007
Treasury looking into postponing public spending review until 2007
The Treasury is examining the feasibility of postponing next year’s public
spending review until 2007.
This will force government departments to stick to their current expenditure
plans for another year.
According to the Financial Times, this raises the possibility of
faster public expenditure growth and higher taxes towards the end of this
parliament.
The decision has not been made yet, but departments including health and
education are reportedly concerned that the next round could be among the
tightest for many years.
Tony Blair is anxious not to alienate middle England, and according to the
FT has said privately that current expenditure projections are at the
maximum that is politically sustainable.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceAs we get closer to the Budget and there is talk of public spending reduction to fund his proposals, we think a cut by the Chancellor to the headline ...
View articleTechnology industry leaders are pressing the government for substantial investment to prepare the next generation with essential digital and AI skills...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleEffective corporate reporting on sustainability will prevent greenwashing issues and deliver more data for better implementation of climate policies R...
View articleCGT receipts have increased by over 100% in the past five years and reached a record level of £18bn in the last year alone, and a further 18% increase...
View articleThe Office for National Statistics reported that inflation in the UK dropped to 7.9% in June Read More...
View articleAccording to the senior Conservative, the Tory party must have one eye on the next general election in deciding the future of the off-payroll working ...
View article23% of business owners having hastened their plans to either sell or wind down their businesses Read More...
View article