George Osborne Announces £11.6bn Savings Whilst NHS and Education Budgets Increase.

Chancellor says his economic plan has gone from rescue to recovery

• Borrowing for this year is set to be £108bn, compared to £157bn under the last government 

   

• Council Tax frozen for another 2 years

  
  

• Capital Spending on infrastructure projects to be £50bn over this & next Parliament

   

• Public Sector automatic pay grade rises will be scrapped

   

• NHS Budget up from £96bn to £110bn 

   

• £4.7bn of Capital Spending on NHS in 2015/16 

   

• Education budget to increase to £53bn 

   

• Funding for new schools and 4.6bn in education capital expenditure in 2015/16 

  
  

• Department for Energy will see an 8% cut, The Home Office resource budget will be cut by 6% 

   

• £18bn saved every year with existing Welfare reforms 

   

• English lessons to be provided, those not prepared to learn English will have benefits cut

   

• £3bn to be spent on local social care 

   

• Pensions will not be cut to fund working-age benefits

   

• Winter fuel linked to temperature - i.e. those expats & foreign nationals (whom have worked in UK) living in hot countries will no longer receive the benefit