World News
A world-first focus on long-term outcomes could transform UK government – or create new spending fights
Source: World news | The Guardian · Published
Tucked away in John Healey’s budget is decision to ringfence preventative projects where future savings outweigh initial cost It merited the briefest of mentions in John Healey’s speech and just one paragraph in the 166-page budget document , but some believe it could revolutioni
Tucked away in John Healey’s budget is decision to ringfence preventative projects where future savings outweigh initial cost It merited the briefest of mentions in John Healey’s speech and just one paragraph in the 166-page budget document , but some believe it could revolutionise not just public spending but the very process of government itself: a new focus on long-term outcomes. The idea in the broad sense is very simple. Any spending deemed to be “preventative” – that is, the initial outlay will be more than made up for by future savings – will from now on be ringfenced, meaning it cannot be raided for more immediate needs.
Continue reading...
Related stories
Britain’s housing crisis won’t be fixed without a new tax landscape
We need policies that stop treating property as a store of wealth and that allow people to move home cheaply John Healey’s critics on the right and left accused him of dodging the big questions in his first budget . The chancellor failed to announce reforms that might tackle some
Business | The Guardian ·
Sign up to the Sport in Focus newsletter: the sporting week in photos
Our editors’ favourite sporting images from the past week, from the spectacular to the powerful, and with a little bit of fun thrown in Continue reading...
Sport | The Guardian ·
‘The last fortress’: historic Athens cafe closes as countercultural area gentrifies
Mouria coffeehouse unable to renew lease in Exarchia, known for leftwing solidarity, resistance and radicalism It has been the hangout of writers, artists, poets and politicians, doctors and lawyers, radicals and revolutionaries for as long as anyone can remember. And for 44 year
World news | The Guardian ·
El Niño-driven drought in Papua New Guinea a ‘national crisis’ as rivers dry up and local farms fail
As many as 8 million people have been affected by food shortages, electricity blackouts and health clinic closures Extreme drought driven by an historic El Niño is affecting as many as 8 million people in Papua New Guinea, causing a cascade of issues from shortages of food and wa
World news | The Guardian ·
Hong Kong’s leader apologises for residential fire that killed 168 people
Blaze was world’s deadliest residential fire since 1980, but some survivors and bereaved families say justice has yet to be served Hong Kong’s leader has apologised for government shortcomings that contributed to a fire that killed 168 people in the city last year, a rare sign of
World news | The Guardian ·