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Liberal Democrat 2005 Manifesto Costings

Liberal Democrat 2005 Manifesto Costings

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Published by Rob Blackie

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Published by: Rob Blackie on Mar 29, 2011
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Liberal Democrat 2005 GeneralElection Manifesto Costings
Contents
Introduction 2Summary of Costings 3Costings by area 4Explanatory Notes 9Taxation 14Other Savings 14
 
Introduction
This document should be read in conjunction with the Liberal Democrat General ElectionManifesto 2005.
The figures presented in this document are changes to government revenue andspending plans arising from the Liberal Democrats’ Manifesto commitments.With the exception of these specific changes, our costings assume that all Departmentswill have to work within existing spending plans. Where specific policies are dependenton savings, their implementation is also dependent on successful achievement of thesesavings.We have taken Government Spending from the July 2004 Spending Review- for spending up to 2009-10 we have assumed that budgets will rise either in line with GDPor in line within certain Government long term objectives. For example in DFID theGovernment have made a commitment to reach 0.7% GDP by 2013.As we are ambitious to do more for Britain, the Manifesto also indicates some longer term policy aims. The achievement of these ambitions is contingent upon revenues fromfurther growth in the economy and further strict prioritisation of spending. As a result,these longer term ambitions do not feature in this costings document.Our policies are designed to secure a more stable and balanced economy thanexperienced over the last few decades of UK economic policy.Our costings include allowances for inflation and are backed by Parliamentary Answersprovided by the Civil Service, information from the independent House of CommonsLibrary and assessments by other independent sources. Our plans assume that year one of our figures will not be a full financial year, due to the timing of the GeneralElection. So, some policies are introduced in years two, three and four as more fundsbecome available and to allow the development and testing of the best value for moneyoptions for implementing policies. Parliamentary Answers from HM Treasury, on therevenue increase from the new higher rate of income tax failed to estimate projectedrevenues up to 2009-10. The House of Commons Library has produced estimates of therevenues from this tax change for future years using comparable assumptions to other Treasury forecasts.Figures presented are calculated on a UK-wide basis to allow comparisons with UK-widefigures published by central government and used by other political parties. Differentpriorities in Scotland, Wales and Northern Ireland may result in different use of revenuein practice; for details see the Welsh and Scottish Liberal Democrat General ElectionManifestos.
 
1. Summary of the Costings
The table below summarises the changes we will make to existing spending plans toimplement our priorities for Britain (in £ million).
Year:
2005-06
1
2006-07
2
2007-08
3
2008-09
4
2009-10
5 TOTALExpenditure
Health 1601,9602,1502,2702,4008,940  Education 5301,2751,5301,8052,0857,225  Pensions and Benefits 4503,3203,6303,8454,16015,405  Crime and Justice 2051502903904801,515  Transport -5075155160440  Local Government 1,3202,1002,4002,4502,50010,770  Culture, Media and Sport -1015202570  The Economy 210200185170155920  Foreign Affairs, Defence andInternational Development2252503904906401,995 
Total Expenditure
3,1009,31510,66511,59512,60547,280 
IncomeSavings
Health 55185190200210840  Education 1102302452402351,060  Pensions and Benefits 805156858259403,045  Crime and Justice 702602902903201,230  Transport -1802754504501,355  Culture, Media and Sport 70105120175210680  DEFRA 1703753203704251,660  DTI/HMT1,0451,8352,0502,2752,7359,940  Foreign Affairs, Defence andInternational Development601553253255101,375  ODPM and Other 2557201,2401,2101,1304,555 
Total Savings
1,9154,5605,7406,3607,16525,740  Revenue from 50p rate 4,0005,1005,5005,8006,20026,600 
Total Income
5,9159,66011,24012,16013,36552,340 
Cumulative Contigency Surplus 2,8153,1603,7354,3005,060  Reallocation of Spending
Savings 1,9154,5605,7406,3607,16525,740  Spending 1,3704,4555,2756,0256,84023,965 
Cumulative Surplus 5456501,1151,4501,775  50p Rate
4,0005,1005,5005,8006,20026,600  Tuition & Top Up fee abolition 5301,2051,2301,2501,2755,490  Free Personal Care -1,6551,7601,8701,9907,275  Keep down local taxes 1,2002,0002,4002,4502,50010,550 
50p Rate Cumulative Surplus 2,2702,5102,6202,8503,285  Note: Full Year Revenue for 2005-06 from 50p rate is £4.8bn. Assumption is that new rate wouldtake effect on 1st June 2005- 10/12*£4.8bn = £4.0bn

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