Monday 15 August 2011

UK Government Spending

My friends at BIP Solutions have just sent round an e-mail highlighting their Tracker Spend Analysis service.
The most interesting part of the e-mail is too look at how much money the government has spent so far this year - see quotoation below

With a total spend so far from January 2011 of £146,003,754,510.17 – it is anyone’s game!  
So who has spent what?
Central Government
£99,389,430,852.30
Local Government
£15,682,819,570.67
Emergency Services
£78,629,500.56
Non-Departmental Public Bodies
£3,114,832,048.07
NHS
£27,738,042,538.57
 
So year to date we are at £146billion, (or £146 000 billion if you are in the US), and on track for round about £200bn by the end of 2011.  That is a lot of money.  But is only about £2.5k (at the moment) for each person in the UK.  Note that the NHS spends almost twice as much as all the councils put together, and that Quangos (while spending a hefty £3bn) are really only a couple of percent of the total - getting rid of them will not make a big difference.

So, if you are a small business interested in supplying the UK public sector, remember there is a lot of opportunities to target - even if the total spend is due to come down in future.

And if you are not then it is worth trying to understand where the money is going.

No comments: