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Ian Brinkley

Spending review sets some of the right priorities for growth

Authors: Ian Brinkley Gideon Benari

20 October 2010

For immediate release: 20 October 2010

Spending review sets some of the right priorities for growth

Commenting on the Spending Review, Ian Brinkley, associate director of The Work Foundation said:

'The Coalition should be commended for protecting the science budget, supporting the low carbon economy and restoring some of the cut-backs in infrastructure investment. The commitment to support advanced manufacturing, high growth small firms, and the funding of an elite network of R&D technology and innovation centres are exactly the right priorities to support Britain’s long term growth.

The cuts in public sector jobs can be absorbed by growth in the private sector – but only if job creation in the private sector is sufficiently strong.

Of more concern is the cut back of overall funding of universities. If the intention is just to replace public money with higher contributions from students, the higher education system as a whole will struggle to expand and drive up quality. Both will be essential over the next decade.

The boost to apprenticeships is very welcome, but the forthcoming Growth Paper will need to say more about how job growth can be encouraged and accelerated across the UK.

The time limits and caps on benefit payments send a strong message on making work pay, but it is contradicted elsewhere: the freezes on working tax credit may well reduce incentives to work at the bottom of the labour market.

The Chancellor’s reference to the importance of the creative sector and national cultural institutions is very welcome, but it is not yet clear how the government intends to support the creative industries in retaining their world-class position.'

Notes to Editors

End

  1. Ian Brinkley is available for interviews and briefings.
  2. The Work Foundation is the leading independent authority on work and its future. It aims to improve the quality of working life and the effectiveness of organisations by equipping leaders, policymakers and opinion-formers with evidence, advice, new thinking and networks. www.theworkfoundation.com.
  3. WorkWorld Media Awards 2010 call for submissions is open until 1 November.

Media enquiries:

Gideon Benari 020 7976 3584 or 07825 527 040

GBenari@theworkfoundation.com