Update 16/5 - Chancellor George Osborne will
announce his budget on 8 July. Departments are expected to submit
spending proposals to the Treasury by early July,
according to the Financial Times, giving time to negotiate
details of any cuts before an autumn spending review.
Update 14/5 - A few clarifications are worth
making. First, the £8 billion DECC budget in 2013/14 includes large
accounting adjustments ("provisions") which do not reflect actual
expenditure. This is better reflected by the £3.4 billion
"departmental expenditure limits" budget shown further down.
We have amended text below to reflect this.
Second, nuclear clean-up spending relates to
managing the legacy of the UK's historic civil and military nuclear
programmes, including managing its plutonium stockpile. Finally the
cost of supporting low-carbon power sources, including renewables,
does not appear in DECC accounts as it is paid via energy
The Conservatives have pledged to shave a further £13
billion from government spending over the next two years.
With the likes of health and overseas aid likely to be
protected and welfare subject to a separate savings target,
spending at other departments will be put under the microscope in
search of potential cuts.
The Department for Energy and Climate Change (DECC)
"will be among the biggest casualties in terms of spending
reductions", according to an
Carbon Brief runs through how DECC allocates its
budget of around £8 billion a year, or just over one per cent of
the total government budget.