It's a fallacy to say that an NHS budget can be ring-fenced: it can't, any more than you can ring-fence your health from your life.
When you choose the ring-fence model your outcome depends on your ability to cross-pollinate between organizations; your flexibility; your ability to communicate the vision for the future; and a commitment to continue growing your business.
Is some sort of ring fence required?
Hester is now being asked about the ring fence.
Vickers recommends ring fencing the retail and commercial bank; Liikanen would ring fence trading and market-making activity," said Thomas Huertas, partner in financial services at Ernst & Young.
It would also allow Britain's ring fence to be subject to EU approval.
However, others were supportive of a ring-fencing idea – although disagreed about which assets should be included in the ring fence.
That would technically not break the ring fence but would burst it from the inside out.
Might this spending review actually see the end of the schools ring fence?
Most exciting for investors outside of Russia, Gazprom's so-called ring fence is being removed.
They will not ring fence it.
