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HM Treasury Spending Review

21 Jun 2010

George Osborne has published details of the process and principles that will underpin the Spending Review, which will report in the autumn.

The Spending Review will set spending plans for the whole of this Parliament.

Last year, Britain had the largest deficit in peacetime history and the highest in the G7 and G20. If this rate of borrowing is allowed to continue, it could threaten the UK's economic stability. It could lead to higher interest rates, tax rises and less money for services such as schools, hospitals and policing.

The Spending Review Framework

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Heather Parker, Strategic Programme Planning and Support Manager