It seems that the recent Spending Review that has been carried out by our current Government and financial wise men and women, has focused on the Private sector of our country to encourage growth of our economy and to build the country from our current position.

In the main capital expenditure in the assets of our country is to be increased by almost £2 billion per year.

 The main points of the Spending review are as follows:

Business Investment Schemes

Train to gain is to be axed.

75,000 new adult apprenticeships are to be made available.

The European Finance Guarantee scheme is to be continued.

Science budget is to be maintained.

Higher education funding is to come from those who benefit most from their services.

Transport

11% reduction in capital spending shall be implemented.

Numerous projects have been given the go ahead and shall commence in the foreseeable future.

Local Government

Regional growth funds are to be £1.4 billion over the next 3 years.

150,000 new affordable homes will be built by 2014/2015.

Welfare Reform

Child benefit to be removed for higher rate tax payers.

Public Sector

490,000 jobs to go.

Employee pension contributions to increase.

Defence

37,000 jobs to go from a mixture of the RAF, Navy, Army and Civilian MOD posts.

Energy

£1bn for Green Investment Bank.

£200 million has been allocated for the development of low carbon technologies – wing and other renewable.

£1 billion to create the worlds first full scale carbon capture and storage plant.

Culture and media

£530 million has been designated to improve the broadband infrastructure within the United Kingdom.