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Launching the Government Efficiency Framework (GEF) in July 2023. The GEF will standardise and improve how departments report efficiency savings and puts in place consistent reporting processes and oversight to make sure efficiency savings are delivered. [footnote 41]

span itemprop="author" itemtype="https://schema.org/Person" itemscope>Kismet8817 fromTotal departmental spending (DEL) will grow in real terms at 2.6% a year on average over this Spending Review period, and 3.2% a year on average over this Parliament. [footnote 33] Since Spring Budget, the government has been exploring the case for expanding the scope of full expensing to include assets for leasing with an industry working group. The government will continue to carefully consider whether there is a case to do so and publish a technical consultation in due course to seek further input from a wider range of stakeholders. Provision of high-quality Occupational Health (OH) is important for helping employees with disabilities and long-term health conditions to stay in work. Following the recent consultation, the government will meet employers’ requests for clearer guidance and support by establishing an expert group to develop a new voluntary OH framework in Great Britain. [footnote 88] The full consultation response outlines further detail. The government will also work with employers and business representatives to develop and promote best employment practices for employees with health and disability issues. Supporting vulnerable households

The recently published independent Policing Productivity Review has made a series of recommendations to improve police productivity. These proposals range from building on recently introduced measures that cut unnecessary bureaucracy to driving greater productivity through the adoption of new and improved technology. If all of these were implemented, they could save up to 38 million hours of police officer time per year, the equivalent of an additional 20,000 police officers. [footnote 50] To deepen devolution in England and further empower local leaders to drive growth in their areas, the government has agreed with local partners a Memorandum of Understanding outlining the approach to the single funding settlements which will be implemented at the next Spending Review for the West Midlands and Greater Manchester Combined Authorities. The government is also publishing a new ‘Level 4’ of the devolution framework. Devolved institutions with a directly elected leader that meet eligibility requirements will be able to draw down from this framework, which delivers deeper powers alongside new scrutiny expectations. The powers include new levers over local transport, reflecting the substantial progress made towards the National Infrastructure Commission’s recommendation to devolve local transport powers and funding to local authorities. The government has already agreed to negotiate a further trailblazer devolution deal with the North East and discussions have now commenced with a view to finalising a deal in spring 2024. The deal will empower local leaders to develop existing and potential industrial strengths across the region, from creative industries to advanced manufacturing. The government recognises the conflict has affected communities both abroad and at home and has been clear that hate crime of any kind will not be tolerated. The UK is a multinational, multi-ethnic, and multi-faith society where our strengths and values are rooted in our culture and our laws. The government is working with local communities throughout the UK in ensuring these values are upheld, and there is support in place for those affected.Following the reclassification of IFRS16, total Capital DEL was increased at Autumn Statement 2022 to reflect intragovernmental and non-property leases. This increase does not impact Public Sector Gross Investment. Other announcements being taken forward by the government at Autumn Statement which support UK advanced manufacturing firms include expanding the Made Smarter Adoption programme, responding to Lord Harrington’s review of foreign direct investments, championing apprenticeship provision through the growth sectors apprenticeship pilot and providing details of further Investment Zones focused on the sector. The government will shortly set out more on its actions to support investment and growth in the manufacturing sector with the publication of the Advanced Manufacturing Plan and UK Battery Strategy. Green industries The revisions to components of GDP were also significant. Box 1.C in the Spring Budget noted public sector output accounted for much of the weakness relative to European peers with private sector output having been more comparable. [footnote 3] The latest data show that public sector output – in particular in the health sector – was much stronger than previously thought, outstripping growth in the private sector. Public sector productivity remains a challenge, lying below pre‑pandemic levels.

The UK is focused on working with international partners to help prevent a damaging and destabilising escalation in the region. Following the passage of the Financial Services and Markets Act 2023 in July, the government continues to take steps to ensure the UK maintains and enhances its world-leading financial services regulatory environment. The government repealed over 100 pieces of unnecessary retained EU law earlier this year. [footnote 145] As part of the Edinburgh Reforms, the government committed to making significant progress in building a Smarter Regulatory Framework tailored to the UK by the end of the year. The government is delivering on this promise by soon laying key legislation, and publishing drafts of other legislation being progressed. Given the global interconnectedness of the financial system, the government also continues to work closely with its international partners through the Financial Stability Board and other fora to establish and maintain high global standards and to mitigate risks to financial stability. The eventual lifetime net profit or loss arising from the APF is uncertain and will depend on decisions by the independent MPC and market conditions. Different unwind strategies will impact when losses are incurred but not necessarily change the lifetime profit or loss. Active gilt sales, for example, will incur upfront costs but have the benefit of reducing lifetime net interest costs from carrying gilts on the APF’s portfolio.Ramaswamy campaign spokesperson Tricia McLaughlin said in a statement to CNN that the campaign is “hopeful that the RNC and the Family Leader will be able to work out their logistical issues to best serve voters.” Compared to Spring Budget 2023, the OBR forecasts that borrowing is lower on average across the forecast and debt as a proportion of GDP is lower in every year. PSND excluding the Bank of England (underlying debt) peaks at 93.2% of GDP and falls from 2027-28 to 92.8% in the final year of the forecast (2028-29). Headline debt (PSND) as a proportion of GDP falls in every full year of the forecast and is 3.2 percentage points lower across the forecast on average. Before policy decisions at Autumn Statement 2022, the OBR forecast that headline debt would rise to 99.6% of GDP. [footnote 20] Headline debt is now forecast to be 5.5 percentage points lower as a proportion of GDP by the end of the forecast, reflecting a combination of policy and revisions to GDP.