Amidst the arguments about cuts versus investment (and the unfortunate reference to “zero per cent” public spending rises by Gordon Brown), there is the undeniable fact that the government is winding down capital investment – the government plans to halve in the four years from 2009/10.
Earlier in the month Public Finance carried a useful survey of Capital Punishment - the implications of reduced capital spending. The college sector is already feeling the pain with dozens of rebuild projects being turned down for funding.
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