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The following article was published in our article directory on October 25, 2010.
Learn more about SpinDistribute Article Distribution System.
Article Category: Business
Author Name: xia zihui
British government announced spending cuts plan 20 will be reduced by about two into expenses, including the abolition of jobs, slashing of welfare spending. By 2020, the British Government to receive the age pension will be increased to 66 years of age.
To tighten their belts out of deficit
British Chancellor of the Exchequer George Osborne insisted that the 83 billion pounds plan to implement cost-cutting marked the "British detachment (deficit) edge of the day."
Osborne on the 20th open reduction plan shows the next 4 years, in addition to the health sector and foreign aid spending, the British government sector expenditure will be reduced 19%, about 6 billion pounds to save the government administrative expenses.
Osborne confirmed that the next four years, the British government from 6,000,000 jobs in the public sector, the abolition of 490,000. He said the abolition of positions, "inevitably, the state has no money."
Royal became the object down
In addition, Osborne said that in 2020, the British Government to receive the age pension will be increased to 66 years of age. This policy will provide the British Government to save each year more than 5 billion pounds.
In addition to receiving the Government improve the pension age, the British public sector workers must pay more for pension insurance, which will save the public sector pensions of 1.8 billion pounds.
In addition to government departments, the British Queen Elizabeth II will face the same cost reduction. British royal family from 2012 to 2013 spending will drop 14%. Queen Elizabeth II also agreed that the British Government to suspend the allocation of one year "royal special fund."
The annual expenditure of the British welfare system, accounting for about one-third of government spending. Osborne said that for a generation, the reduction in spending is "the biggest reform of the welfare state."
But some economic analysts believe that will reduce expenditure plans or just recovering late last year, the British economy to the recession. Ed Miliband Labour Party leader, said cuts could damage the UK economy, the British Government "was out of economic growth, jobs and livelihoods as a people gamble."
8% of the UK defense budget cuts
Nearly two million people were cut armed forces, tanks and heavy artillery by 40%
British Prime Minister David Cameron, according to Xinhua News Agency published 19 strategic defense and security assessment report, declared that the next 4 years, 8% of the national defense budget cuts, but stressed that the support of British troops in Afghanistan will not weaken.
Cameron in the House released the report specifically mentioned, although the defense budget will be reduced by 8%, but still meets the requirements of NATO, the United Kingdom remains the world's fourth largest military power.
Reported that the British armed forces will be layoffs, reduction of 7,000 Army, Royal Navy and the Air Force decreased by 5,000 people. In addition, the British Ministry of Defence will cut 25,000 civilian personnel by 2015.
According to the report, reduction of military equipment, include: "Harrier" type of VTOL aircraft retired; cancel the purchase "hunting fans" type of maritime patrol aircraft; tanks and heavy artillery by 40%; "Ark Royal" aircraft carrier will be decommissioned; frigates and destroyers , respectively, in 2020 the number reduced to 23 and 19.
However, the British Government support for British troops in Afghanistan will not change, funding is still from the Treasury's special reserve fund allocation. The Government will also continue to build two new aircraft carriers, six Type 45 frigates and "smart" submarine; the purchase of 12 "Chinook" helicopters and the acquisition of military communications equipment.
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