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Exact(4)
On present trends, it is set to fall to 37% by 2015.
In May it was expected to fall by 6.75% – already a significant drop – now, however, it is set to fall by 13.5%.
It is set to fall steadily from a peak of 5% to around 2% by the end of 2012, as vat and energy-price increases drop out of the annual rate (see chart).
But it is set to fall in the coming years, as unemployment falls – causing housing benefit, tax credits and jobseeker's allowance claims to go down – and government cuts take effect.
Similar(56)
According to public sector market intelligence service Kable, spending on IT staff within local government is set to fall further over the coming years.
Its annual Arts Council funding is set to fall from £17.2m to £12.4m next financial year – a larger-than-expected cut.
After it was announced yesterday that the axe is set to fall on 14 of Doncaster's 26 libraries, Smith said that she and her fellow Doncaster campaigners are planning to try for a judicial review on the grounds of equality.
It is also very possible that the Great Bitcoin Rally of 2013 is all but over, and the currency is set to fall as interest in it subsides, undercutting speculative buying that previously gave it such momentum.
Housebuilding in England is set to fall to its lowest level since the 1920s, the Policy Exchange think tank says.
The wool clip is set to fall again next season to 605m kilos, its lowest for 44 years and 40% below the record clip in 1989-90.
HMRC spending is set to fall by 20% by 2020.
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