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The change management clock

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Missions and money

external environment

Business impacts of government spending

Nigel Watson looks at how private companies profit from public money

Since 2010 the government has cut spending on benefits for disabled people

Government spending is a vital component of the UK economy. Just under 45p of every pound spent is spent by the state.

Table 1 shows that government spending has risen by £50 billion since the Conservative–Liberal Democrat coalition came into power in 2010/11. This increase is surprising given newspaper coverage of ‘austerity’ (public spending cuts). The mismatch between perceptions of austerity and the reality of growing public spending is down to two factors.

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Previous

The change management clock

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Missions and money

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