George Osbourne Announces Savings in Education
Government announces £6.2bn of savings in 2010-11
Action to cut Whitehall waste and protect schools spending
Today the Chancellor of the Exchequer George Osborne and Chief Secretary to the Treasury, David Laws announced:
1. The details of £6.2 billion of savings from Government spending in 2010-11 to tackle the unprecedented £156 billion deficit, while protecting the quality of key frontline services
2. Schools, Sure Start and spending on education for 16-19 year-olds will be protected from these in-year cuts
3. £500 million out of the £6.2 billion will be used to improve Britain’s growth potential and create a fairer society, by reinvesting in further education, apprenticeships and social housing
4. The foundation of an Efficiency and Reform group chaired by the Chief Secretary David Laws and Cabinet Office Minister Francis Maude to oversee the implementation of many of the savings announced today.
For full details please visit the HM Treasury Press Notice Site