20 October 2010 HM Treasury Release
Government announces spending plans – find out what it means for you and view the document in full
The Chancellor, George Osborne, has presented the Government’s Spending Review, which fixes spending budgets for each Government department up to 2014-15.
The Spending Review comes at a time when the State is spending significantly more money than it raises in taxation, and is having to meet the gap – called the deficit – by borrowing at record levels.
Last year, the Government borrowed one pound in every four that it spent; and the interest payments on the nation’s public debt each year are more than the Government spends on schools in England.
Key Spending Review announcements
The scale of the deficit has required the Government to make tough choices in the Spending Review about how taxpayers’ money is allocated
The Government has prioritised its Spending Review decisions to support growth, fairness and public sector reform. Find out more about the action being taken:
Our interactive map shows the impact of the Spending Review and action being taken in your region to build an economy that works.
The Spending Review document in full
view the whole Spending Review document in both easy-to-read and standard PDF versions:
About the Spending Review
Find out how the Spending Challenge has taken account of your ideas in the Spending Review.
- Strategic Defence and Security Review – Securing Britain in an Age of Uncertainty (PDF) (Directgov website, opens in new browser window)
- The National Security Strategy was published on Monday 18 October (PDF) (Directgov website, opens in new browser window)