Here are the main facts and figures from the spending review delivered by British finance minister George Osborne, which ushered in the deepest cuts for decades to reduce a record deficit.
JOB LOSSES
- 490,000 public sector jobs expected to be lost over four years, to be achieved through retirement and redundancies
MINISTRY CUTS AND SAVINGS
- Average 19% cuts to departmental budgets over four years
- Savings of £6 billion sterling in government department administration costs
DEBT and DEFICIT
- £109 billion structural budget deficit to be eliminated by 2015
- Britain currently paying £43 billion a year in debt interest at a rate of £120m a day
- Debt interest payments in 2014-2015: £63 billion
- Public spending cut to 2008 levels in real terms.
TOTAL GOVERNMENT SPENDING
2011-2012: £702 billion
2012-2013: £713 billion
2013-2014: £724 billion
2014-2015: £740 billion
BUDGET CHANGES AT KEY MINISTRIES
Defence: Budget cut by 7.5%
Education: Budget cut by 3.4%
Foreign Office: Budgeet cut by 24%
Health: Budget up by 1.3%
Home Office: Budget cut by 23%
International Development: Budget up by 37%
Work and Pensions: Budget up by 2.3%
PENSIONS
- State pension age for men and women to climb to 66 by 2020, saving £5 billion a year
- Employee contributions to increase
- £1.8 billion of savings to public sector pensions
WELFARE
- Accounts for third of all public spending
- Changes to save £7 billion a year
- Removing child benefit from higher-rate taxpayers to save £2.5 billion a year
MONARCHY
- One-year cash freeze in household expenses paid to Queen Elizabeth II and her husband Prince Philip
- Royal Household spending to fall by 14% in 2012-2013
CRIME and JUSTICE
- Police spending cut 4% each year
HEALTH
- This year £104 billion spent on health care, rising to £114 billion by 2014.
- Aiming to save up to £20 billion a year by 2014-2015 through efficiencies but money ploughed back into health care.
BROADCASTING
- BBC licence fee frozen for next six years - savings equivalent to 16% of BBC budget
- BBC to take role of funding World Service from the government, saving taxpayers £340m a year
