Eckersley, Peter Mark orcid.org/0000-0001-9048-8529 and Ferry, Laurence (2011) Budgeting and governing for deficit reduction in the UK public sector:Act one ‘the Comprehensive Spending Review’. Journal of Finance and Management in Public Services. pp. 14-23.
Abstract
After the 2008 financial crisis, recession and subsequent collapse in government revenues, the UK’s public deficit reached levels not seen since the Second World War. It had to deal with gearing by borrowing one pound for every four it spent. Before the 2010 election, all of the major parties agreed that tackling the deficit was a priority, and that spending reductions would play a major part. However, they did not agree over the timing and depth of cuts. The purpose of this paper is to briefly consider the phoney war that took place after the financial crisis and how within the impending uncertainty the comprehensive spending review was used to provide a framework for a long term planning approach, within which the annuality of the budget can take place.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Keywords: | Spending Review,budgeting,governing ,public sector,financial crisis,deficit reduction |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Sciences (York) > Environment and Geography (York) |
Depositing User: | Pure (York) |
Date Deposited: | 25 Jan 2017 09:28 |
Last Modified: | 16 Oct 2024 13:31 |
Status: | Published |
Refereed: | Yes |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:110923 |
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Filename: l_ferry_and_p_eckersley.pdf
Description: Act 1: The Spending Review