Current spending includes items such as salaries, hospital medicines, and school text books. Capital spending includes assets such as school buildings, roads and bridges.<\/p>\n
Business, Innovation and Skills Administration costs to be cut by \u00a3400m with 24 quangos being disbanded. Train to Gain programme to cease. University teaching budget to be cut by 40 per cent and further education budget to fall by 25 per cent. The science budget to be frozen – in cash terms – rather than cut as had been feared. Funding for 75,000 adult apprenticeships a year.<\/p>\n Cabinet Office Support for citizenship and \u201cbig society\u201d projects. Cabinet Office officials to move into Treasury. Civil List cash funding for Royal Household to be frozen next year. New system of funding for Royal Household from 2013.<\/p>\n Communities and Local Government Councils will see a 7.1 per cent annual fall in their budgets. But ring-fencing of local authority revenue grants will end and councils will have freedom to borrow against their assets. Funding for social housing to be cut by more than 60 per cent, with new tenants having to pay higher rents. But the government hopes these changes will free up funds to build 150,000 new affordable homes over the next four years.<\/p>\n Culture, Media and Sport Administration costs to be cut 41 per cent while core arts programmes will see a 15 per cent fall in funding. Free museum entry to remain in place. BBC licence fee to be frozen for next six years. Corporation will also fund World Service and BBC Monitoring. Adds up to equivalent of 16 per cent savings over the period.<\/p>\n Defence The Royal Air Force and Royal Navy will lose 5,000 jobs each, the Army 7,000 and the Ministry of Defence 25,000 civilian staff. The Harrier jump jets and the Ark Royal aircraft carrier are being taken out of service while the planned Nimrod spy planes will be cancelled. Key spending decision on Trident to be delayed until 2016.<\/p>\n Education Five quangos to be abolished. But direct funding to schools in England is to be protected. Their budget will rise 0.1 per cent in real terms each year, taking funding from \u00a335bn to \u00a339bn. But spending on school buildings to fall 60 per cent. Confirmed \u00a32.5bn \u201cpupil premium\u201d for teaching for disadvantaged pupils. Educational Maintenance Allowances to be replaced. Sure Start budget to be protected in cash terms.<\/p>\n Energy and Climate Change Plan for tidal barrage on the Severn estuary cancelled. But \u00a3200m funding for wind power development and \u00a31bn for green investment bank.<\/p>\n Environment, Food and Rural Affairs Foreign Office Health The NHS in England budget to increase by 0.4 per cent over the next four years. New cancer drug fund to be provided. But \u00a320bn in efficiency and productivity savings sought in NHS by the end of the parliament. An extra \u00a32bn for social care by 2014\/15.<\/p>\n Home Office Police budget cut by 4 per cent a year, focused on bureaucracy rather than manpower. Aim to maintain \u201cvisibility and availability\u201d of officers on beat. UK Border Agency budget to fall 20 per cent. Counter-intelligence budget to fall 10 per cent.<\/p>\n International Development The overseas aid budget is to be protected from cuts but not the department\u2019s other costs. Budget to rise to \u00a311.6bn over four years to meet UN aid commitment. But aid to China and Russia is to stop and there will be a reduction in administration costs.<\/p>\n Justice Plan for new 1,500-place prison to be cancelled. 3,000 fewer prison places expected by 2015. \u00a31.3bn capital investment in prison estate.<\/p>\n Northern Ireland\/Scotland\/Wales Transport \u00a330bn set aside for capital spending, including \u00a3500m for Tyne and Wear Metro and Tees Valley bus network. Crossrail project to go ahead in London. Rise in regulated cap on rail fares to 3 per cent above inflation for three years from 2012.<\/p>\n Treasury Bank levy to be made permanent. \u00a3900m to target tax evasion. \u00a31.5bn in compensation to Equitable Life policyholders after it\u2019s near collapse. 15 per cent cut in funding for Revenue and Customs.<\/p>\n Work and Pensions The State pension age for men is to start rising from 65 in 2018 – six years earlier than planned – and reaching 66 by 2020. Rise in retirement age for women to accelerate, also reaching 66 by 2020. The measures combined will save \u00a35bn a year. Reform of public sector pensions to save \u00a31.8bn by 2015, with employees likely to contribute more. Winter fuel allowance, free bus passes and TV licences for 75-year-olds protected. Cuts to child benefit for higher rate taxpayers to generate \u00a32.5bn. \u00a32bn investment in new universal credit. Weekly child element on child tax credit to rise by \u00a330 in 2012 and \u00a350 by 2012.<\/p>\n Sending Review 2010 cut: A further \u00a37bn in welfare savings planned on top of \u00a311bn already announced. A new 12-month time limit on the employment and support allowance could see an estimated 200,000 claimants moved onto jobseekers allowance and see their support reduced. Proposed 10 per cent cut in council tax benefit budget. Under-35s only able to claim housing benefit for a room rather than a whole property. Maximum savings award in pension credit to be frozen for four years. Increased working hours threshold for working tax credits for couples with children. New total benefits cap per family.<\/p>\n","protected":false},"excerpt":{"rendered":" Finances set between 2011 and 2015 based on government figures Current spending includes items such as salaries, hospital medicines, and school text books. Capital spending includes assets such as school buildings, roads and bridges.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/1076"}],"collection":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1076"}],"version-history":[{"count":0,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/1076\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAnnual budget:<\/strong> \u00a321.2bn
\nSending Review 2010 cut: Current spending down 25 per cent; capital spending down 52 per cent<\/p>\n
\nAnnual budget: <\/strong>\u00a32.6bn
\nSending Review 2010 cut: Current spending up 28 per cent; capital spending down 28 per cent.<\/p>\n
\nAnnual budget: <\/strong>\u00a333.6bn
\nSending Review 2010 cut: Local Government – current spending down 27 per cent; capital spending down 100 per cent: Communities – current spending down 51 per cent; capital spending down 74 per cent<\/p>\n
\nAnnual budget: <\/strong>\u00a32bn
\nSending Review 2010 cut: Current spending down 24 per cent; capital spending down 32 per cent<\/p>\n
\nAnnual budget:<\/strong> \u00a346.1bn
\nSending Review 2010 cut: Current spending down 7.5 per cent; capital spending down 7.5 per cent<\/p>\n
\nAnnual budget: <\/strong>\u00a357.6bn
\nSending Review 2010 cut: Current spending down 3.4 per cent; capital spending down 60 per cent<\/p>\n
\nAnnual budget:<\/strong> \u00a33.1bn
\nSending Review 2010 cut: Current spending down 18 per cent; capital spending up 41 per cent<\/p>\n
\nAnnual budget: <\/strong>\u00a32.9bn
\nSending Review 2010 cut: Current spending down 29 per cent; capital spending down 34 per cent. Investment to continue in flood defences – \u00a32bn over period to 2015.<\/p>\n
\nAnnual budget:<\/strong> \u00a32.2bn
\nSending Review 2010 cut: Current spending down 24 per cent; Capital spending down 55 per cent. Number of Whitehall-based diplomats reduced.<\/p>\n
\nAnnual budget:<\/strong> \u00a3106.4bn
\nSending Review 2010 cut: Current spending up 1.3 per cent; capital spending down 17 per cent<\/p>\n
\nAnnual budget:<\/strong> \u00a310.2bn
\nSending Review 2010 cut: Current spending down 23 per cent; capital spending down 49 per cent<\/p>\n
\nAnnual budget: <\/strong>\u00a37.7bn
\nSending Review 2010 cut: Current spending up 36 per cent; capital spending up 20 per cent<\/p>\n
\nAnnual budget: <\/strong>\u00a39.7bn
\nSending Review 2010 cut: Current spending down 23 per cent; capital spending down 50 per cent<\/p>\n
\nAnnual budget:<\/strong> \u00a355.5bn
\nSending Review 2010 cut: Scotland\u2019s block grant to fall by 6.8 per cent by 2014\/5. Central funding for Wales is to be cut by 7.5 per cent – the Welsh Assembly Government says its budget will be cut by \u00a31.8bn in real terms over four years. Northern Ireland funding to be reduced by 6.9 per cent over four years.<\/p>\n
\nAnnual budget: <\/strong>\u00a313.6bn
\nSending Review 2010 cut: Current spending down 21 per cent; capital spending down 11 per cent<\/p>\n
\nAnnual budget:<\/strong> \u00a34.4bn
\nSending Review 2010 cut: Current spending to be cut by 33 per cent, capital spending to be cut by 30 per cent.<\/p>\n
\nAnnual budget:<\/strong> \u00a39bn in departmental spending
\nSeparate welfare and pensions budget: \u00a3192bn<\/p>\n