Chancellor George Osborne has today outlined the details of the Comprehensive Spending Review and the breakdown of a total £81bn worth of savings from the public spend.
Most significantly for manufacturers, the Department for Business, Innovation and Skills is expected to find a 7.1 per cent annual saving each year between now and 2015. The science budget is to be protected at £4.6bn though; efficiency savings of £324m here will be put back into projects. There will also be more money for…
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