Annal Nayyar blogs Budget 2014: local government

Annal Nayyar blogs Budget 2014: local government

The 2014 Budget speech held no great surprises for local government, with extra cash for flooding, roads and housing taking centre stage.

Chancellor George Osborne stepped up to the deliver his penultimate budget before the 2015 General Election, with news that the economy is recovering faster than forecast, and the deficit is dropping.

‘The OBR has revised down the underlying deficit in every year of their forecast. Before we came to office was 11% – this year it will be 6.6%,’ the Chancellor claimed. By 2018/19 he suggests there will be no deficit at all.

In public sector pay, Mr Osborne claimed the Government had introduced the Hutton pension reforms, and promised a ‘prudential’ approach to pay. ‘It is the right thing to ensure Britain lives within her means,’ he said.