Spending Review 2015
Inequality is down, child poverty is down, the government is delivering social justice, and “we’re all in this together”; this is the state of play now, as described by Chancellor George Osborne as he presented his Spending Review 2015.
He suddenly finds himself with an extra £27bn to play with, as the Office for Budget Responsibility predicts higher than expected tax returns, which goes well with low inflation and low interest rates on debt. Instead of banking it for any potential storms, which he implied are almost certain to come, he appears to have committed it to spending plans.
The direction is still a lower welfare, lower taxation, higher wage society, against a backdrop of a very much slimmed down public sector, which it seems is to become almost self-financing in terms of local government.
We have brought together key measures which are likely to be of interest to the not-for-profit sector, grouping them under Charities, Welfare and employment, Health and social care, Changes to local government, Housing, and Environment and energy. Click on the briefing below.