Budgeting and governing for deficit reduction in the UK public sector: Act one ‘the Comprehensive Spending Review’

Peter Mark Eckersley; Laurence Ferry

Budgeting and governing for deficit reduction in the UK public sector: Act one ‘the Comprehensive Spending Review’

Environment and Geography

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Pages (from-to)	14-23
Journal	Journal of Finance and Management in Public Services
Volume	10
Issue number	1
Publication status	Published - 2011

Keywords

Spending Review
budgeting
governing
public sector
financial crisis
deficit reduction

Access to Document

Act 1: The Spending Review

http://www.cipfa.org/~/media/files/policy%20and%20guidance/the%20journal%20of%20finance%20and%20management%20in%20public%20services/vol%2010%20number%201/l_ferry_and_p_eckersley.pdf

Cite this

Eckersley, P. M., & Ferry, L. (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, 10(1), 14-23. http://www.cipfa.org/~/media/files/policy%20and%20guidance/the%20journal%20of%20finance%20and%20management%20in%20public%20services/vol%2010%20number%201/l_ferry_and_p_eckersley.pdf

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Eckersley, PM & Ferry, L 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, vol. 10, no. 1, pp. 14-23. <http://www.cipfa.org/~/media/files/policy%20and%20guidance/the%20journal%20of%20finance%20and%20management%20in%20public%20services/vol%2010%20number%201/l_ferry_and_p_eckersley.pdf>

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