Mr Javid's core proposals for the 2020-21 financial year included:An additional £1.5bn for England's councils to bolster social careA 13% increase in funding to tackle homelessness, taking spending to £422mIn order to make the most of record-low borrowing costs, Mr Javid has suggested he is prepared to borrow more heavily in the future.
But while Mr Javid has pledged to ensure that borrowing falls below 2% of gross domestic product by 2020-21, a rule set out by the previous government, the think-tank Resolution Foundation has suggested that current spending plans already exceed that cap. Since 2010, the UK has gradually decreased its budget deficit from almost 10% of GDP to just under 2% now.
Analysts also warn that with so much uncertainty still surrounding Brexit and a cooler economy, over-ambitious spending commitments could hurt the UK's budget credibility.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chancellor Sajid Javid to deliver Budget a week after Brexit deadlinePrime Minister Boris Johnson has bullishly announced the Budget date despite having no Commons majority and a Brexit plan locked in crisis What’s wrong with his head?
Source: The Mirror - 🏆 136. / 51 Read more »
Budget date revealed by chancellorSajid Javid says it will be the UK's first Budget after leaving the EU. Something else that will get voted down then so they will just promise anything in it. Oh let joy be unconfined.
Source: BBCNews - 🏆 3. / 97 Read more »
Chancellor Sajid Javid to deliver Budget a week after Brexit deadlinePrime Minister Boris Johnson has bullishly announced the Budget date despite having no Commons majority and a Brexit plan locked in crisis What’s wrong with his head?
Source: The Mirror - 🏆 136. / 51 Read more »
Budget 2019 date announced as 6 NovemberSajid Javid ramps up Brexit pressure by saying budget will be first after UK leaves EU I'm not expecting fireworks.. Also known as Bonfire Night 2.0
Source: The Guardian - 🏆 84. / 53 Read more »
Star Wars 9 Rise of Skywalker tickets presale date and run time REVEALED?STAR WARS 9 The Rise of Skywalker tickets presale date and run time may have been revealed.
Source: Daily Express - 🏆 26. / 68 Read more »
Nicky Morgan admits Boris Johnson keeping Brexit plan secret - even Cabinet in the darkCABINET MINISTER Nicky Morgan has revealed she is unaware of Boris Johnson's Brexit plan as she admits she is hopeful the Prime Minister will explain all following the EU council next week. Media having withdrawal symptoms because there is no leaks lol. A Remainer kept in the dark. Too right. Remainers should be treated like mushrooms kept in the dark standing in shit
Source: Daily Express - 🏆 26. / 68 Read more »