In its autumn report on the state of the economy, the Office for Budgetary Responsibility (OBR) said that the UK had experienced stronger growth in 2010 than had been anticipated at the time of the June Budget.
Historical information relating to previous Budgets reports.
Spending reviews have been part of the governmental landscape since the late 1990s, but none have garnered quite the anticipation of the one which the Coalition government has just delivered.
The Chancellor, George Osborne stood up in the House Commons to detail the largest series of public spending cuts seen in decades.
In many ways the spending reductions made by the Chancellor were largely anticipated. The size of the current deficit has grown to over £160 billion this year and it was acknowledged by most that decisive action needed to be taken in order to head off a deeper deficit problem in years to come.
The Department of Energy and Climate Change will find that its resource spending is to be reduced by 18 per cent in real terms over the next four years.
The government has committed itself to £30 billion of investment in the transport system but has also announced that capital spending by the Department of Transport is to be cut by 11 per cent.
One of the headline statements in the spending review was the anticipated confirmation that the state retirement age for men and women is to be equalised at 65 by November 2018.
Like most other government departments, HM Revenue and Customs (HMRC) is to lose some of its budget as a result of the spending review.
It was widely expected that the spending review would focus on welfare funding. One of the areas to be affected by the cuts is employment.
The response to the Comprehensive Spending Review was, of course, mixed with some condemning the severity of the cuts while others applauded the boldness and approach to the announcements.
There continues to be considerable publicity surrounding the Government's spending plans. The Conservative party conference heralded changes to the child benefit and we now await further details which we expect will be included in the 20 October announcements.
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