This year’s Autumn Statement on 17 November 2022 is significant due to the recent turmoil resulting from September’s ‘Mini-Budget’. With most decisions from the latter now rolled back, the Statement aims to repair the nation’s fiscal credibility and fill a black hole of £55 billion. Cuts of at least £35 billion are planned, meaning most public sector organisations again face the prospect of having to do more with less in 2023 amid growing demand for public services.
On Wednesday, 7 December 2022 at 2:00pm (GMT), GlobalData’s UK Public Sector team will host a webinar on What to expect in Public Sector tech in 2023.
Register here to book a place and find out:
- A round-up of the major announcements from the recent Autumn Statement
- Which sectors are the winners and losers when it comes to funding and cuts
- How widespread cuts are likely to impact ICT purchasing priorities in 2023
- What challenges each part of the public sector faces going into the new year
- Where suppliers to the sector would be best placed to focus
Robert Stoneman, Service Director at GlobalData, comments: “Public services are facing a perfect storm of challenges. A decade of austerity has already hollowed out many services, and a second round will bite even harder now that organisations do not have the fiscal headroom to absorb cuts as in the past. With the wider cost-of-living crisis and demographic changes further increasing demand, organisations will have to grapple with where to prioritise funding at the expense of other areas, such as on social care at the expense of less pressing local services in 2023.
“The UK public sector spends £19 billion on ICT goods, services, and staff annually. Initial austerity measures meant spending has, on average, flatlined in real terms since 2016-17, so a further round of cuts will likely mean the best case scenario remains continued stagnation, though a decline in spending is also a real risk. However, priority areas for investment will remain, such as cloud software and services, especially where investment can unlock wider savings and improvement to services.”