Government spending

Government spending

Showing 421 – 440 of 861 results

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The outlook for councils’ funding: is austerity over?

Book Chapter
A growing elderly population, increases in the number of disabled adults, and increases in wage and other costs, mean that English councils will likely need billions in extra funding over the next parliament if they are to meet the rising costs of providing adult social care.

11 November 2019

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Conservatives and Labour happy to borrow to invest, but their commitments to run a surplus on the current budget leaves little room for further net giveaways

Comment

The Chancellor and Shadow Chancellor have both outlined the fiscal targets that they would seek to adhere to. Mr Javid has chosen to adopt a forward-looking rolling target aimed at current budget balance. In other words, day-to-day spending could not exceed total revenues. This is very similar in nature to Mr McDonnell’s longstanding current budget target.

8 November 2019

Nursery classroom

Early education and childcare spending

Report
This briefing note sets out the structure of England’s system of support for early education and childcare and how spending has changed over time.

8 November 2019

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UK health spending

Report

Funding the National Health Service is now the biggest single thing the government does. So how has health spending has changed over the last 70 years?

8 November 2019

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Budget or no budget, with borrowing now on the rise again fiscal realities can’t just be wished away

Comment

Had Sajid Javid’s first Budget taken place as planned today he would have unveiled new forecasts showing that following considerable falls in borrowing over the current decade the era of deficit reduction is now at an end. Forecasts for borrowing next year would likely have been at least £30 billion higher than those made by the OBR back in March. We will get some new updates from the OBR tomorrow, but only to take account of statistical and accounting changes since the Spring. Here we provide a more fully updated set of fiscal forecasts which also take account of policy changes over the past nine months. The current political bidding war would lead us to believe that actual outturns for the deficit are likely to be significantly higher again.

6 November 2019

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Public finances: where are we now?

Book Chapter
Post-financial-crisis, public sector borrowing – the gap between government revenue and spending – has fallen and, at the March 2019 Spring Statement, it stood below its long-run historical average. However, a number of changes have occurred since March, or loom on the horizon.

8 October 2019

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Fiscal targets and policy: which way next?

Book Chapter
The fiscal targets bequeathed by former chancellor Philip Hammond all expire during the current forecast period. Moreover, the government has stated that it wants to keep open the possibility of a ‘no deal’ Brexit and, should this occur, it would require an important decision on how fiscal policy should adjust both in the near and long term. These two issues interact since any new fiscal targets ought to be carefully designed so that they are robust to plausible scenarios for the UK economy, not least around Brexit.

8 October 2019

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Spending Round 2019: keeping perspective

Book Chapter
The 2019 Spending Round, published in September 2019, set departmental budgets for the 2020−21 financial year. Chancellor Sajid Javid topped up the spending plans pencilled in by his predecessor, announced spending increases across the board and declared austerity to be over. But these increases must be seen in context: austerity may have ‘ended’ but it is far from undone. And a decade of spending restraint means that even after recent announcements, spending on public services next year will be well below where we might have expected it to be, given historical rates of spending growth and growth in national income.

8 October 2019

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Barriers to delivering new domestic policies

Book Chapter
Since the 2016 vote to leave the European Union, Brexit has become the policy area that dominates debate in the UK. It defined Theresa May’s government and will undoubtedly consume much of the government’s time and energy over the next few years, regardless of how the Brexit agenda evolves or who is in power.

8 October 2019

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Money for something

Comment

The Spending Round announcement last week seems a positive move for the sector on the face of it, but raises questions over the the future balance between central control and local discretion writes David Phillips in this article for the MJ.

11 September 2019

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Spending review 2019: Deal or no deal

Report

This Wednesday the Chancellor will allocate funding to departments for the next financial year, 2020-2021. This departmental spending (DEL) is £375 billion this year.

2 September 2019

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2019 annual report on education spending in England: schools

Book Chapter
School spending covers pupils in state-funded schools aged 5–16, as well as pupils aged 16–18 in school sixth forms. In 2018–19, total school spending in England – excluding early years and sixth-form funding – stood at about £44 billion in 2019–20 prices.

30 August 2019

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Evaluating and designing student loan systems: an overview of empirical approaches

Journal article

To understand and design student loan systems, realistic earnings and/or income projections for current and future graduates are crucial. In this paper, Current Population Survey (CPS) data from the US is used to demonstrate empirical approaches that can be exploited to simulate lifetime income and earnings profiles for graduates which are needed to understand and design effective and sustainable student loan systems.

1 August 2019

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Council Funding: what's happened and what's next?

Presentation

A presentation on recent trends and the outlook for local government spending. It includes a discussion of local tax devolution options, and the potential impacts of the ongoing Fair Funding Review.

10 July 2019

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A proper plan is needed for local government funding

Comment

In this article, David Phillips argues that pivotal choices loom on local government funding, but if we don’t address what we expect from our councils we risk a system that fails to meet our objectives.

8 July 2019

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Extra spending on education in England – the numbers explained

Comment

Almost all the candidates in the Conservative leadership election have promised higher levels of spending on education. With a Spending Review of some form due this year, we analyse the cost of potential commitments on schools and education spending.

18 June 2019