Spending Review and Autumn Statement 2015 Contents


Terms of Reference

1 Introduction

Our inquiry

2 Public finances

Changes to the underlying fiscal forecast since July

Changes to the OBR’s forecasts for interest rates and monetary policy

Modelling corrections and changes

A £27 billion “windfall”?

Changes to taxation

Making tax digital

Welfare spending

Changes since the Summer Budget

Compliance with the ‘welfare cap’

Changes to departmental spending

Severity of cuts

Ringfenced expenditure

Balance of fiscal consolidation

Fiscal risks and the fiscal surplus rule

3 Local authority funding

Changes announced at the Spending Review and Autumn Statement


OBR estimates of impact

Social care funding

Police funding

4 Housing

Housing market trends and forecasts

Measures announced in the Summer Budget

Measures announced in the Spending Review and Autumn Statement

Stamp duty surcharge

“400,000 new homes”

Extension of Right to Buy

Planning and release of public sector land

5 Assessment of tax measures

Assessment of Fiscal Events



Appendix: Evidence from the Association of Chartered and Certified Accountants, the Chartered Institute of Taxation and the Institute of Chartered Accountants in England and Wales

Formal Minutes


List of Reports from the Committee during the current Parliament

© Parliamentary copyright 2015

Prepared 11 February 2016