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The 2009 Budget, themed 'Building Britain’s Future', highlights a commitment to strengthening industries through the strategy outlined in 'New Industry, New Jobs'. With a focus on economic efficiency as emphasized in the OEP Report, the budget aims to provide conditional support for the public sector amidst tightening fiscal measures from 2010/11. Key messages include continued funding growth for schools over the next two years, ensuring progress in 16-19 education, and maintaining a dedicated STEM budget, all while upholding commitments to job training schemes.
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Budget 2009 • Theme: ‘Building Britain’s Future’ • Industry strategy set out in ‘New Industry, New Jobs’ • Economic strategy set out in the Budget • Efficiency strategy set out in OEP Report • Context: tightening of belt esp from 2010/11; conditional support for the public sector; mixed views on when things will improve • Key messages: • 2 more years of funding growth for schools • Commitment to honour 16-19 growth • Ring-fencing STEM budget • Honouring promises made on job training schemes inc TtG • Fingers crossed for the future