{"id":30372,"date":"2013-03-19T14:44:36","date_gmt":"2013-03-19T13:44:36","guid":{"rendered":"http:\/\/uk.news.yahoo.com\/budget-extra-2-5bn-boost-spending-125347662.html"},"modified":"2013-03-19T14:44:36","modified_gmt":"2013-03-19T13:44:36","slug":"budget-extra-2-5bn-boost-for-spending","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/breaking-news\/budget-extra-2-5bn-boost-for-spending\/","title":{"rendered":"Budget: Extra \u00a32.5bn Boost For Spending"},"content":{"rendered":"<div>\n<p class=\"first\">George Osborne has ordered government departments to slash their budgets by another \u00a32.5bn to fund extra capital spending.<\/p>\n<p>The Chancellor and Chief Secretary to the Treasury Danny Alexander told ministers that they can afford to trim another 1% a year until 2015.<\/p>\n<p>Mr Osborne said at Cabinet that it was possible because departments have under-spent their budgets this year by more than the average.<\/p>\n<p>The extra cuts will not hit the departments protected by ring-fences &#8211; the NHS, international aid and schools. HMRC is also protected, as is the police budget for the first year.<\/p>\n<p>There is no detail yet on how the extra cash will be spent, but it will help Mr Osborne satisfy critics that he is not doing enough to boost growth.<\/p>\n<p>The announcement comes on the eve of his Budget, in which he is under intense pressure to inject some life into an economy teetering on the brink of a triple-dip recession.<\/p>\n<p>The Ministry of Defence will be allowed to roll over unspent money to compensate for the cuts being demanded from the department.<\/p>\n<p>But others including environment, energy, transport and justice will have to find the 1% annual savings to day-to-day resource budgets in full.<\/p>\n<p><strong>More follows&#8230;<\/strong><\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>George Osborne has ordered government departments to slash their budgets by another &pound;2.5bn to fund extra capital spending.<\/p>\n<p>The Chancellor and Chief Secretary to the Treasury Danny Alexander told ministers that they can afford to trim another 1% a year until 2015.<\/p>\n<p>Mr Osborne said at Cabinet that it was possible because departments have under-spent their budgets this year by more than the average.<\/p>\n<p>The extra cuts will not hit the departments protected by ring-fences &#8211; the NHS, international aid and schools. HMRC is also protected, as is the police budget for the first year.<\/p>\n<p>There is no detail yet on how the extra cash will be spent, but it will help Mr Osborne satisfy critics that he is not doing enough to boost growth.<\/p>\n<p>The announcement comes on the eve of his Budget, in which he is under intense pressure to inject some life into an economy teetering on the brink of a triple-dip recession.<\/p>\n<p>The Ministry of Defence will be allowed to roll over unspent money to compensate for the cuts being demanded from the department.<\/p>\n<p>But others including environment, energy, transport and justice will have to find the 1% annual savings to day-to-day resource budgets in full.<\/p>\n<p><strong>More follows&#8230;<\/strong><\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/pixel.quantserve.com\/pixel\/p-89EKCgBk8MZdE.gif\" border=\"0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"author":1213,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[487],"tags":[],"class_list":{"0":"post-30372","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-breaking-news"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/30372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1213"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=30372"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/30372\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=30372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=30372"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=30372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}