Osborne unveils massive cuts to tackle UK debt

Chancellor George Osborne has today revealed how the Government plans to make major savings to tackle the UK’s debt.

In the much-anticipated Spending Review, Osborne revealed cuts unequalled in scale since the Second World War.

Every Government department came under scrutiny as the Coalition set its sights on clearing £83billion of debt from the UK’s balance sheets within four years.

In particular for Science & Renewable Energy the following key pints are noteworthy:

Science

Science budget frozen
NHS Budget protected

Energy and Climate Change
5% annual budget cut
£200million funding for wind power development
£1billion for green investment bank