'BIS settles with Treasury' on spending review

The Department for Business, Innovation and Skills has reached a settlement with the Treasury in negotiations over the 2015-16 spending review, reports suggest

六月 24, 2013

Business secretary Vince Cable is said to have been the last to reach a deal for his department ahead of the review, being announced to the House of Commons on 26 June.

Mr Cable is also reported to have secured one of the lowest cuts of the non-protected departmental budgets, at nearer to 8 per cent than the 10 per cent forecast.

This could mean the department having to save closer to £1.1 billion rather than the £1.4 billion previously thought. Together departments are being asked to find cuts worth £11.5 billion.

However, where the cuts will come from remains uncertain. As Times Higher Education reported last week, ministers look likely to abandon plans to find £875 million in savings by moving medical research and education budgets to the Department of Health; although a partial transfer remains a possibility.

If the proposal is dropped, it would raise the prospect of deeper cuts for higher education and the possible slashing of the National Scholarship Programme.

After George Osborne, the chancellor, announces each department’s settlement for 2015-16 on Wednesday, chief secretary to the Treasury, Danny Alexander, will announce detailed, longer-term plans for infrastructure spending on June.

Earlier this month Mr Osborne said that he hoped at the spending review to set out “the long-term commitment to science not just…the science budget for the year 2015-16”, raising speculation that science investment might form part of the infrastructure package. 

elizabeth.gibney@tsleducation.com

Please Login or Register to read this article.

请先注册再进行下一步

获得一个月的无限制地在线阅读网站内容。只需注册并完成您的职业简介.

注册是免费的,而且非常简单。一旦成功注册,您可以每个月免费阅读3篇文章。:

  • 获得编辑推荐文章
  • 率先获得泰晤士高等教育世界大学排名相关的新闻
  • 获得职位推荐、筛选工作和保存工作搜索结果
  • 参与读者讨论和公布评论
Register
Please Login or Register to read this article.