Public wealth management to improve following 'radical Budget'?

Management of public wealth could improve, as a result of the "successful and radical" Budget drawn up in June this year, David Cameron has suggested.

An article by the prime minister due to be published in the Sunday Times addresses the Spending Review planned for October, which it is hoped will help to cut the fiscal deficit and contribute to better national wealth management.

Mr Cameron claimed the investigation would involve a "root and branch audit" of recent public spending, adding: "No sum of waste is too small to escape the microscope of efficiency."

A recently-announced cash-for-homes scheme aims to encourage local authorities to build by offering money for each new home.

However, critics claim the project will waste a large amount of money, as shadow housing minister Jon Healy argued billions would have to be spent to honour the commitment.

For every council home created, the government promises to match the residency tax raised for the first six years, which could work out as an extra £1,400 for every band B property.  ADNFCR-2318-ID-800019129-ADNFCR