Arts funding faces dramatic cuts after the Department for Culture, Media and Sport was told to prepare for a budget reduction of up to 40%.
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Healthcare, schools, defence and overseas aid spending are largely excluded from the cuts.
That’s roughly the very same portion these were required to minimize following the last paying out hands on analysis in 2010.
Cabinet Office Minister Matt Hancock admitted it’ll mean radical changes for the departments involved – but said that it was important to look at all the options.
Mr Osborne warned ministers in unprotected departments would be expected to deliver “more for less” in the Government’s drive to save £20 billion over the next four years.
“This spending review is the next step in our plan to eliminate the deficit, run a surplus and ensure Britain lives within its means”, Osborne said in a statement.
However it will also point out that the Ministry of Defence alone now owns around one per cent of all the land in the United Kingdom – some 227,300 hectares.
“It’s a matter for each department, and we will have proposals in November”.
The Government sold assets worth £1.7bn in the last parliament – but Whitehall still owns land and property worth £300bn.
Mr Osborne said the further savings – which follow £12bn welfare cuts and £5bn from tackling tax avoidance – will complete the Tory pledge to eliminate the deficit.
“Elsewhere in government, departments will have to find significant savings through efficiencies and by devolving power, so people have a greater say over the issues that affect them and their communities”.
“Britain’s public services need a coherent plan to balance the books and put productivity first, not a Chancellor who chops and changes from month to month, ditching manifesto commitments on childcare, rail electrification and elderly social care”.
“The spending review will deliver better government and economic security”.
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During Treasury questions shadow Chancellor Chris Leslie said Mr Osborne’s scrapping of student maintenance grants would leave the poorest 40 per cent of English students with debts of up to £53,000 after graduating, citing the respected Institute for Fiscal Studies.
