Showing posts with label Spending Review. Show all posts
Showing posts with label Spending Review. Show all posts

Thursday, 27 June 2013

Scottish implications of UK Spending Review


The UK Spending Review confirms a real terms cut in the Scottish Government’s budget of £333m between 2014/15 and 2015/16. The capital budget will have been cut by 26% in real terms since 2010.
 
The ‘new’ money claim by the Secretary of State, is actually largely borrowing powers that have to be repaid from a reducing revenue budget. Instead of the promised growth, £3.2bn is being taken from the Scottish economy.

Specific proposals directly impacting on public service workers include: