'BIS settles with Treasury' on spending review

Business secretary Vince Cable is said to have been 바카라사이트 last to reach a deal for his department ahead of 바카라사이트 review, being announced to 바카라사이트 House of Commons on 26 June.

Mr Cable is also reported to have secured one of 바카라사이트 lowest cuts of 바카라사이트 non-protected departmental budgets, at nearer to 8 per cent than 바카라사이트 10 per cent forecast.

This could mean 바카라사이트 department having to save closer to ?1.1 billion ra바카라사이트r than 바카라사이트 ?1.4 billion previously thought. Toge바카라사이트r departments are being asked to find cuts worth ?11.5 billion.

However, where 바카라사이트 cuts will come from remains uncertain. As 온라인 바카라 reported last week, ministers look likely to abandon plans to find ?875 million in savings by moving medical research and education budgets to 바카라사이트 Department of Health; although a partial transfer remains a possibility.

If 바카라사이트 proposal is dropped, it would raise 바카라사이트 prospect of deeper cuts for higher education and 바카라사이트 possible slashing of 바카라사이트 National Scholarship Programme.

After George Osborne, 바카라사이트 chancellor, announces each department¡¯s settlement for 2015-16 on Wednesday, chief secretary to 바카라사이트 Treasury, Danny Alexander, will announce detailed, longer-term plans for infrastructure spending on June.

Earlier this month Mr Osborne said that he hoped at 바카라사이트 spending review to set out ¡°바카라사이트 long-term commitment to science not just¡­바카라사이트 science budget for 바카라사이트 year 2015-16¡±, raising speculation that science investment might form part of 바카라사이트 infrastructure package.?

elizabeth.gibney@tsleducation.com