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Under the Lib Dem proposal, education spending on 16 to 19-year-olds (worth around £7bn) and early years spending (worth around £3bn) would also be ring-fenced.
— BRIAN STELTER Were those $6 billion in campaign spending worth it?
In effect, he said, it made private spending worth less.
Within his first weeks he had announced extra government spending worth ¥10.3 trillion (about $100 billion).
State spending, worth 100 billion rand ($12.5 billion) a year, also boosts black businesses.
Welfare spending worth around £120bn would be covered by the cap.
The bank's assessment is that China's fiscal stimulus (amounting to spending worth around 12% of GDP spread over two years) is beginning to take effect.
Ireland, for instance, will need to raise taxes or cut spending worth 2% of GDP each year for five years to meet the targets, says the commission.
In his speech, Osborne will say that the four departments have agreed cuts to current spending worth on average 8% a year for the next four years.
[Page C5.] Bush Proposes Stimulus Package President Bush urged Congress to pass a package of tax cuts and additional spending worth up to $75 billion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com