Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
The spending review is a forward-looking process by which the government sets departmental budgets for future years, including for key sectors such as the NHS, Education, Defence and Transport. It also determines the government’s day-to-day running administration costs and capital spending for investments in public services and military equipment. This process sets day-to-day expenditures for …
Continue reading “UK Spending Review 2025 – up against the limits”
Rachel Reeves’s budget statement in response to the Office for Budget Responsibility (OBR) update aligned with what was widely flagged ahead of the event. However, it highlighted just how little room there is for manoeuvre in the government’s fiscal projections and how vulnerable the plans are to unfolding events. Admittedly, huge geopolitical and geoeconomic changes …
Continue reading “UK Spring statement 2025: little room for manoeuvre”
Today’s UK budget is called ‘the budget for growth’ with the four E’s of enterprise, education, employment, and everywhere. Jeremy Hunt heavily trailed the latter in a speech he made at Bloomberg’s offices in January. Many of the proposals in the Budget were as expected and were known by the media. In other words, there …