0370 270 6000

already registered?

Please sign in with your existing account details.

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

where will the axe fall?

20 October 2010

Today is the day on which the Chancellor George Osborne will finally unveil the outcome of the Comprehensive Spending Review.

The Government has been keen to assert that the cuts are necessary because the current budget is not sustainable and also that they will be fair affecting everyone from the rich to the poor.

However, there is no question that the cuts will be deep and the review which is widely anticipated to detail £83bn worth of spending cuts is likely to be the biggest for decades.

Even those areas which have been promised protection should be wary, whilst they may not be the subject of dramatic cuts to their budgets the CSR will set the tone for the new austerity era and is likely to have a dramatic effect on the shape of public policy for at least the next five years.

related opinions

Moratoriums

The new Part A1 moratorium was introduced partly in response to the Covid-19 pandemic and its impact on businesses. The moratorium is not intended to be used to simply delay the inevitable insolvency of a company, but rather to allow breathing space for that company to restructure and/or achieve an effective rescue.

View blog

Covid-19 insolvency measures extension

From 26 March 2021 the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2021 will come into force with the effect of extending several of the temporary measures brought in by the Corporate Insolvency and Governance Act 2020 (CIGA).

View blog

An exit for public sector exit pay

It took over 5 years for secondary legislation implementing the £95,000 cap on public sector exit payments to be brought into force; only a few months later, the Government has announced that the Public Sector Exit Payments Regulations 2020 (the “Regulations”) will be revoked, citing “unintended consequences” which have been identified after “extensive review”.

View blog

The Debt Respite Scheme and its implications for creditors

The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 is due to come into force on 4 May 2021. It’s a snappy title but what exactly is it?

View blog

mailing list sign up



Select which mailings you would like to receive from us.

Sign up