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TIGHT CONTROLS ON PUBLIC SPENDING TO STAY UNTIL 1997

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Ceilings for next year's public spending negotiations between government departments and the Treasury have already ...
Ceilings for next year's public spending negotiations between government departments and the Treasury have already been established, reports the Financial Times (p8).

Michael Portillo, chief secretary to the Treasury, told the Commons Treasury and civil service committee that he expected the cabinet to confirm that the government's public spending control totals for 1995-96 and 1996-97 will almost certainly be adopted as ceilings for public spending.

Non-cyclical expenditure, which has been set at £251.3bn in 1994-95, will not be allowed to exceed £263bn in 1995-96 and £272.3bn in 1996- 97. This would restrict the control totals to real increases of 0.9% in 1995-96 and 1% in the following financial year.
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