Spending Review briefing
Thursday, 27 June 2013
18:00 - 19:30
The Work Foundation, 21 Palmer Street, London, SW1H 0AD
The 2013 Spending Review will set out detailed plans for the final two years of this government. Since the last Spending Review in October 2010 the economy and the public purse have had to confront mounting challenges. The Eurozone crisis has shown no signs of easing and the rapid growth of the BRIC economies may be faltering. Both are hitting demand for British exports hard. Domestic demand is remains limp, and growth forecasts have repeatedly been trimmed.
This poor economic performance has driven down public sector receipts. Each of the six economic and fiscal outlooks produced by the Office for Budgetary Responsibility has painted a more negative picture. Departments have been asked to find significant additional efficiency savings since the 2010 Spending Review. And the best estimates predict a drop in General Government Employment of over one million between 2010 and 2018.
The challenge for the 2013 Spending Review will be to sustain progress on major areas of public sector reform – welfare and benefits, pensions policy, defence, education and local governance – while also finding new ways to invest in our economy.
Who should attend?
Government and public affairs professionals and those with a keen interest in economic policy and the labour market.
Why should people attend?
This event will discuss whether the Chancellor and his team have struck the right balance here. Have they done enough to offer the markets confidence that we will be able to service our debt? Are we still investing in effective public services? Is there a credible plan for how public spending can support growth in our economy?
This event is exclusively for contacts of The Work Foundation and there is no fee to attend.
To book a place at this event, please email Alice Holland (firstname.lastname@example.org) and include your name, job title, organisation and email address.
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