Monday, 1 July 2013

Spending Review 2013


The coalition government has two more years in power before the next general election. The economic situation in the UK is serious as unemployment stands at 2.4 million and growth is about 0.3% annually.

In 2010 David Cameron promised that he would be able to balance the budget by 2015. Now in 2013 Cameron has yet to admit that the deficit is actually going up and not down.

George Osborne’s spending reviewing included the following:

·         No more welfare cuts.

·         People currently claiming job seekers allowance would now need visit the job centre on a weekly basis.

·          Making it prerequisite for new claimants who do not speak English to learn it.

·         Automatic pay increases in the public sector would also come to an end 

·         Increase the number of free schools.

Mr Osborne has spent the last three years tackling the deficit and yet it is widely known that the UK deficit has risen. By this time next year it will be abundantly clear to all whether or not Mr Osborne economic policy has been successful. Which in turn will determine whether or not this coalition government will be re-elected in May 2015.  

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