Government Spending Review - What to expect

The government spending review will have a direct effect on financial services

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Peter Barnett, policy adviser to the House of Lords, says October's spending review will have a direct effect on financial services.

October’s spending review will set out the government’s plans for the next parliament, setting departmental budgets for the years 2011-12 to 2014-15. Protection Insurers can respond to the seismic changes ahead in terms of the funding and delivery of Health Welfare and Social Care in the UK, by engaging positively with government. All the spending departments submitted their initial plans to deliver their priorities before the Summer Recess and while preliminary budgets went in on time it is understood some of these were promptly bounced back accompanied by the leitmotif ‘try harder’. Th...

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