After the downturn - managing a significant and sustained adjustment in public sector funding

After the Downturn front cover

Summary

This paper, prepared by CIPFA and SOLACE, and informed by a much wider cross-section of public sector professionals, explores the crucial questions of how spending reductions should be achieved and where they should fall, and calls on the political party manifestos to address these questions clearly.
It considers two levels of headline cuts in current public spending in the three year spending round following the 2010 election. Scenario A envisages a 7.5% (real terms) cut in current public spending over the next three year spending round 2011-14 (with the likelihood of cuts of a similar scale in the following spending round, 2014-17, as well). Scenario B envisages a 15% (real terms) cut in current public spending over the next three year spending round, 2011-14 (with the possibility of further, probably less severe,cuts in the following spending round, 2014-17).

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CIPFA and SOLACE

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