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CSR Part 1: where the axe fell

22 October 2010

Capital budgets across governmental departments were left in ruins following Wednesday’s Comprehensive Spending Review. Projects and programmes were scrapped, re-scoped or re-phased and funding models were rethought as the reality of the biggest reduction in government spending since the 1976 emerged in chancellor George Osborne’s speech.

Contractors working in education, social housing, the health sector and defence-related projects  were particularly badly hit. However, transport and infrastructure projects escaped relatively unchanged.

 

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