Wednesday, 20 October 2010 00:00
The Spending Review
Well, we all watched the spending review with interest and although it was an anxious hour or so for most of us, what came out from George Osborne’s speech was pretty optimistic.
We still live in an incredibly wealthy country where the expected standard of living is well above what the rest of the World (and previous generations) have to put up with. So, during times of austerity, we need to think carefully about all pulling together instead of moaning. If we work together, private and public, come up with ideas for growth, be more competitive, we create more jobs, pay more taxes and suddenly we’re back to prosperity again.
There were some good bits of news. Schools spending is up, as is the projected health spend and defence spending has been cut by 8% instead of 10%. A lot of what the Chancellor said supports my own sentiment in that it talks about investing in the future, investing in education, making ourselves more competitive in a competitive world. Hopefully, now the review is done people will start un-jamming the backlog of capital spending decisions that have been waiting for this announcement. To quote a great American, ‘Ask not what your country can do for you, ask what you can do for your country’.
- The Budget
- Bob Whittington, Chairman: The Spending Review
- The Spending Review