Capital budgets across government departments have been fallen by up to 74%
The Comprehensive Spending Review has slashed capital expenditure by up to 74% across government departments.
The chancellor announced that capital spending on the school estate would be £15.8bn. But over the four year period this represents a 60% fall in real growth, with the budget falling from £7.6bn in 2010/11 to £3.4bn in 2014/15.
At the Communities and Local Government the capital budget has been cut by 74% from £6.8bn to £2bn. Spending on affordable housing, which has been cut by 60%, comes out of this budget.
Other departmental capital budgets include:
- Transport, down 11% from £7.7bn to £7.5bn
- Ministry of Justice, down 50% from £0.6bn to £0.3bn
- Energy and Climate Change, up 41% from £1.7bn to £2.7bn
- Health, down 17% from £5.1bn to £4.6bn
Construction will also be hit in Scotland, Wales and Northern Ireland where capital budgets have been cut by 38%, 41% and 37% respectively.
More analysis to follow