<p>The Spending Review
framework
Cm 7872
June 2010
£8.25
Presented to Parliament by
The Chancellor of the
Exchequer
by Command of Her Majesty
June 2010
Cm 7872
The Spending Review framework
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The Spending Review Framework
1
Contents
Page
Chapter 1
Introduction
3
Chapter 2
Strategic approach to spending
7
Chapter 3
Scope of the Spending Review
11
Chapter 4
Timetable and process
15
The Spending Review framework
3
1 Introduction
1.1 Reducing the budget deficit is the most urgent issue facing Britain. Last year, the latest
Public Sector Net Borrowing forecast was the largest in Britain's peacetime history. The March
Budget forecast the UK deficit to be 11 per cent of GDP this year. According to the International
Monetary Fund (IMF), the UK has the highest budget deficit in the G7 and G20, and its latest
forecasts project that public sector debt will double between 2007 and 2015, to around 90 per
cent of GDP.
1.2 This high level of borrowing – a legacy of the previous Government – risks undermining
fairness, growth and economic stability in the UK. The Go