All budget 2009 public spending articles
-
Comment
Budget 2009: initial thoughts
Budget day as ever was interesting and obviously, the devil is in the detail, especially when it is bad news. However, the Chancellor's speech and the Budget document provide us with some initial thoughts.The macro figures are as bad as expected and potentially worse; £175bn public borrowing in 2009/10 and ...
-
Comment
Brace for public investment cuts
Three things stood out in yesterday's Budget: First, the shocking state of UK public finances, second, the Chancellor's gambling on a very rapid rebound of the economy to make his numbers add up and third, that the construction industry will almost desperately hope for private sector demand to return by ...
-
Comment
What's in the budget for construction?
Snap analysis immediately after the event tends to be prone to knee-jerk reaction, but the thing that immediately springs to mind about this budget is the optimism regarding GDP growth in 2010 in 2011. While I wouldn't neccessarily argue with a 3.5% decline for this year, 1.25% growth for 2010 ...
-
Comment
Budget reaction: The impact on built assets
The Budget has placed built assets at the heart of nurturing economic recovery, achieving efficiency savings and delivering better public service outcomes. The Chancellor is now forecasting a budget deficit of £175 billion this year and £173 billion in 2010/11, peaking at 79% of GDP in 2013/14. He is also ...