While there is some good immediate good news for further education and social housing, the FT is warning of "one of the longest and sustained squeezes on departmental spending since the second world war" with real terms reductions".
From April 2011, current spending will rise by only 0.7 per cent in real terms - a li ttle more than half the plans for 1.2% growth announced five months ago in the pre-Budget report.
KPMG are warning against false optimism:
The message for the public sector is stark. All public sector organisations need to take a cold, hard look at where they spend their money and make difficult choices about priorities; they need to implement radical new approaches in the delivery of public services.
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