In the News

George Osborne's Spending Review - winning and losing departments

Ruth Tarrant

18th November 2015

Next week's Spending Review will set the spending limits of each government department up to the next General Election in 2020. Prior to 1998. departments used to set their budgets on an annual basis, but that was changed by the then Chancellor of the Exchequer Gordon Brown who wanted departments to take a longer term view - he introduced three-yearly budgets. Each department is asked to split their budget into two categories - resource spending (the cost of policies, administration and departmental-specific programmes) and capital spending (the cost of buildings, roads and so on).

Ruth Tarrant

Ruth has been Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible.

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