05 Sep 2019
On 4th September, the Chancellor of the Exchequer announced the 2019 Spending Round, showing an overall real terms increase of 4.1% in public spending. This concentrated mainly on departments’ day-to-day spending, since the main capital budgets had already been set, and a full multi-year Spending Review will take place in 2020. Highlights included:
Future Spending Reviews will be informed by a new Public Value Framework, which will evaluate outcomes such as average earnings at fixed periods after leaving education or training, GCSE outcomes, and citation impact of publicly funded research in Higher Education.
Departments will make their own announcements as to how this Spending Round affects their activity.