We are currently experiencing technical difficulties with our telephone system.
We apologise for any inconvenience and are working to resolve this as soon as possible.
Evolution Money
Customer Enquiries 0161 814 9158
This website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Continue
Home > George Osborne announces latest austerity measures

George Osborne announces latest austerity measures

6th June 2015 | Published by Henry

george-osborne-250x156Chancellor George Osborne has laid out the government’s latest austerity plans which will raise £4.5 billion and include the sell off the government’s remaining £1.5 billion share of Royal Mail. A further £3 billion will be saved through cuts to all government department budgets except the NHS, schools and aid.

Whitehall departments most affected by the cuts are the Ministry of Defence, the Department for Education and Business (non schools) and Innovation and Skills.

£500 million will be saved at the Ministry of Defence, a controversial move because the government is unlikely to be able to commit to Nato’s target – that the UK spends 2 per cent of its national income on defence.

The budget for schools has been ring fenced so cuts could hit sixth form colleges and children’s services. However, a spokeswoman for the Department for Education said that savings would be made through ‘efficiencies and under spends in demand led budgets.’

The NHS budget is also safeguarded and so will not be directly affected by the government’s austerity measures. However, the Department of Health will have £200 million less for public health grants to local authorities.

The announcement that the government is also to sell its final share in Royal Mail of 30 per cent has also drawn criticism, following the previous sale of Royal Mail shares in 2013 which were undervalued, possibly by as much as £1 billion. Shares fell by 3.3 per cent immediately after the latest announcement, causing the value of the government’s stake in Royal Mail to drop by £50 million.

This time the coming sale of Royal Mail shares is likely to be aimed at companies rather than the public. None of the shares will be reserved for Royal Mail staff, unlike in 2013, when a block of 10 per cent was set aside for employees.

Category: Money
This post was written by Henry
Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 90 out of 100, based on 112 reviews over the past year. 112 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoThe Finance & Leasing Association is the leading trade body for the motor finance, asset finance and consumer credit industries in the UK.

Socialise

Feeling social? Check out our social pages!

Tweet us on Twitter
Like us on Facebook
Pin us on Pinterest
Add us on Google+

Our Address

Evolution Money,
9 Portland Street,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

Complaints:
0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 8 St John Street, Manchester, M3 4DU. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

© 2018 Evolution Money | Cookies | Complaints Policy | Breaking Down Our Loans | Terms & Conditions | Fair Processing Notice
Apply Online
I want to borrow £
You will need to read and agree to our Fair Processing Notice before continuing. *
You will receive a call today to continue with your application.
Thank you for taking the time to fill in our online enquiry form. Unfortunately in this instance we won't be able to help as being a homeowner is one of our primary requirements.

Fair Processing Notice

Who we are:

Evolution Money Ltd, Progressive Money Ltd and Evolution Lending Ltd are all wholly owned subsidiaries of Darwin Loan Solutions ('the Group').

We take your privacy seriously and will only use your personal information to

A) Discuss loan offers and provide you the products and services you have requested.
B) If you become our customer it will also be used to manage your loan.

We'll keep your details for up to 12 months to enable us to help you with your loan enquiry. If you don't become our customer we will delete your enquiry details unless regulations say we must keep them for longer.

This won't change any marketing preferences you've already chosen.

How we control and process your data:

Our companies hold and process your personal data in accordance with Data Protection law in the UK. We are committed to maintaining the privacy and protection of all personal data collected in connection with our broker and loan services. We may share your information with credit reference agencies and other companies for use in credit decisions, for fraud prevention and for collection purposes.

Next

Marketing Contact preferences - putting you in control:

We would love to tell you from time to time about offers and special deals on loans, insurance products and utility services which may save you money.

If you're happy to be contacted about these, please click the boxes to tell us how you want us to get in touch with you.

You can change how we contact you at any time by simply getting in touch with us on FPNandmarketing@darwinloansolutions.co.uk or 0161 814 9210.

Your choices do not affect your enquiry/loan application in any way.

BackNext

Marketing Contact preferences - Our partners:

We would love to tell you from time to time about special offers and deals from our carefully selected partners.

If you're happy to be contacted by them please click the boxes to tell us how our partners can get in touch with you.

You can change how we contact you at any time by simply getting in touch with us on FPNandmarketing@darwinloansolutions.co.uk or 0161 814 9210.

Your choices do not affect your enquiry/loan application in any way.

BackNext

Please read the full details of our Fair Processing Notice including Credit Reference Agency Information Notice (CRAIN) Click here to see a copy of the CRAIN.

If you agree to our Fair Processing Notice and want to continue to the next stage - click Agree.

BackAgree

Start Here
Please wait

Please wait

Don't leave just yet!

Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

Award Winning

Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

Back to Evolution