{"id":31055,"date":"2015-10-30T06:40:52","date_gmt":"2015-10-30T06:40:52","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=31055"},"modified":"2015-10-30T06:40:52","modified_gmt":"2015-10-30T06:40:52","slug":"is-george-osborne-planning-to-cut-investment-spending","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/10\/30\/is-george-osborne-planning-to-cut-investment-spending\/","title":{"rendered":"Is George Osborne planning to cut investment spending?"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.gov.uk\/government\/news\/infrastructure-at-heart-of-spending-review-as-chancellor-launches-national-infrastructure-commission\" target=\"_blank\">Treasury issued a very breathy press release overnight<\/a> saying that:<\/p>\n<blockquote><p>Infrastructure at heart of Spending Review as Chancellor launches National Infrastructure Commission<\/p><\/blockquote>\n<p>And:<\/p>\n<blockquote><p>In his statement, he will pledge \u00a3100 billion in infrastructure spending by 2020 \u2014 including full funding for the \u00a315 billion Roads Investment Strategy.<\/p><\/blockquote>\n<p>What the release does not say is that this may be a cut in real spending plans. According to the July 2015 OBR forecasts planned investment spending for the next five years was:<br \/>\n<a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2015\/10\/30\/is-george-osborne-planning-to-cut-investment-spending\/screen-shot-2015-10-30-at-06-35-31\/\" rel=\"attachment wp-att-31058\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-31058 size-large\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/10\/Screen-Shot-2015-10-30-at-06.35.31-550x76.png\" alt=\"Screen Shot 2015-10-30 at 06.35.31\" width=\"550\" height=\"76\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/10\/Screen-Shot-2015-10-30-at-06.35.31-550x76.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/10\/Screen-Shot-2015-10-30-at-06.35.31-300x41.png 300w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/10\/Screen-Shot-2015-10-30-at-06.35.31-200x27.png 200w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/10\/Screen-Shot-2015-10-30-at-06.35.31.png 742w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>So why the reduction now?<\/p>\n<p>At the very least a little more detail on all such numbers would seem to be needed.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Treasury issued a very breathy press release overnight saying that: Infrastructure at heart of Spending Review as Chancellor launches National Infrastructure Commission And: In<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/10\/30\/is-george-osborne-planning-to-cut-investment-spending\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-31055","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/31055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=31055"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/31055\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=31055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=31055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=31055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}