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About the CSR07Comprehensive Spending Review 2007The CBI's formal submission to the 2007 CSR is available free to members. If your company is in CBI membership and you have yet to receive a copy, please contact Doug Godden on 0207 395 8098.Five key trendsHM Treasury (HMT) has identified five key trends and challenges that it intends to examine during the review, in order to identify their impact on policy priorities and means of delivery. These are:Globalisation and the emergence of rapidly industrialising economies such as India and China. Technological change looking at acceleration in the pace of innovation. Demographic and socio-economic change including the rapid increase in the old age dependency ratio. Climate and environmental change examining further pressures on natural resources and greater risks from climate change. Global uncertainty with ongoing threats from international terrorism and global conflicts. CBI recommendationsGlobalisation and technological change greatly enhance the competitive challenge and make it all the more important to devote sufficient public resources to growth-enhancing functions such as education, science and transport capacity. In addition the social and environmental challenges will place unavoidable demands on the public purse in areas such as the wider built environment and defence and security, as well as health and pensions. Yet the same competitive challenge limits the overall bill that can be imposed on the taxpayer in an increasingly mobile world.The CBI therefore broadly supports the government’s intention for total public spending to grow significantly more slowly over the next three years (a real 2% per annum) than over the past eight years (over 4%) – except that ideally spending growth would be just a little slower still, to allow the tax burden to ease rather than simply level off. Within those spending totals, if sufficient additional funds are to be devoted to the priority areas set out above, then expenditure on all other functions can grow only in line with inflation. This in turn makes it all the more important for the government to pursue the efficiency and reform agenda championed by the CBI. And the policy environment more broadly will have to be shaped to encourage a significant private sector contribution in terms of job creation, investment of all kinds, and environmental sustainability. Read our Public Services briefing, CSR 2007: Improving public service management, October 2006 (PDF 158kb). If you need free Adobe Acrobat PDF reader software or help with PDF documents, go to the Adobe Accessibility site at http://access.adobe.com Email us if you have accessibility requirements. Click here to go to the Policy work page. |
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