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I know just how much everyone’s still extremely excited about the #SpendingRound - here’s my take in advance of the statement, the Chancellor’s first big fiscal event ... bbc.co.uk/news/business-…
Understand that Departments made £50bn of bids for new money as part of this Spending Round...
Spending Round coming up...
the key numbers on planned public spending at previous Spending Reviews/ Rounds
The real annualised growth in RDEL - non capital Departmental Expenditure Limits
2010 -2.1%
2013 -2.7%
2015 -0.8%
2019 - will be first positive one for 12 years...
the key numbers on planned public spending at previous Spending Reviews/ Rounds
The real annualised growth in RDEL - non capital Departmental Expenditure Limits
2010 -2.1%
2013 -2.7%
2015 -0.8%
2019 - will be first positive one for 12 years...
Indeed crunching the numbers it could be the largest such rise since 04 or even 02...
** Chancellor says it is the fastest increase in day to day spending in 15 years - so somewhere between 1.7% and 3.9% annual real growth in current departmental spending - thy number has been negative in three spending reviews since 2010
His predecessor and now former party colleague Ken Clarke raised a point of order that Chancellor had been overly political on brexit for a statement. Speaker Bercow tells Chancellor off. Not seen that before. Twice - Bercow says it’s “unseemly”.
Chancellor: “we can now turn the page on austerity”
£13.8bn extra spending next year announced says Chancellor... but still meeting *current* fiscal rules.
Chancellor: New fiscal framework ahead of Budget to reflect realities of today not a decade ago... or to allow more borrowing to spend.
4.1% increase in total spend.
6.3% increase in home office spend - first 2000 extra police officers by March...
6.3% increase in home office spend - first 2000 extra police officers by March...
More money for councils on social care and biggest rise for council funding since 2010. Though has been cut since 2010 by 80% after 2010
“Wheels put back on the British bus” promises Chancellor on a £200m funding boost - labour made cuts here a big issue at GE2017 - this ones laser guided at No 10s target election seats
“They hate it” says the PM of the Opposition - they clearly think they have shot a key election fox.
Certainly raises v important strategic issue for the Opposition - do they carry on saying they want to fund all spending pledges with tax rises, now that the Government is just upping borrowing...
As I suspected: “no department will be cut next year” ... PM then appears to call Opposition front bench “moaning Minnies”
