Spending Review: Government intends long-term economic restructuring

clock

The government spending review is not a short term fix but a long-term restructuring of the nation's economy, according to a senior Conservative MP.

Jonathan Evans MP, chairman of the All Party Parliamentary Insurance and Financial Services Group also hinted that the measures are likely to see greater involvement for the private and voluntary sector in delivering public services. Speaking to COVER prior to Chancellor George Osborne's statement, Evans said: "What's now taking place is not a four year short term fix. "This is going to be the new structure of our economy in which we're still going to have a considerable government contribution to the delivery of services, but there are many other people who are going to have to step ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Let's talk 'triple shock': Why the protection gap starts with three dangerous assumptions

Let's talk 'triple shock': Why the protection gap starts with three dangerous assumptions

Three assumptions keeping the protection gap alive

Graham Singleton
clock 28 July 2026 • 5 min read
 'The protection gap will not close itself, and now there are no excuses'

'The protection gap will not close itself, and now there are no excuses'

'Let’s work together'

Paul Yates
clock 21 July 2026 • 3 min read
Price comparison impacting consumer understanding

Price comparison impacting consumer understanding

BIBA, ABI and Fairer Finance

Cameron Roberts
clock 25 June 2026 • 2 min read