Feeds

LibCons bin £2bn of late Labour projects

Leaves axe dangling above another £8.5bn worth

Mobile application security vulnerability report

The coalition government has scrapped 12 projects worth £2bn pounds that were agreed during the final months of Labour's rule.

Twelve further projects, worth £8.5bn, have been suspended.

Stonehenge Visitor Centre got the axe, as did a number of projects with a likely IT component including Sheffield steelmaker Forgemasters (an £80m loan to build a world-leading 15,000 tonne press to supply specialist components for the nuclear industry), North Tees and Hartlepool hospital, and local authority initiatives. Funding for the unemployed was also cut.

Among the suspended projects are the Libraries modernisation programme and the Kent Thameside transport programme.

Chief Secretary to the Treasury Danny Alexander said projects that did not fit with the Government's priorities or that did not offer good value for money had been abandoned.

"We are determined to tackle the unprecedented budget deficit and bad financial management we have seen over the past decade, but are equally determined to do this in a way that is fair and responsible,” he said.

You can find Alexander's full statement here. ®

Full list of projects cancelled

Stonehenge Visitor Centre: £25m

Local Authority Leader Boards: £16m

Sheffield Forgemasters International Limited: £80m

Rollout of the Future Jobs Fund: £290m

Six month offer recruitment subsidies: £30m

Extension of Young Person's Guarantee to 2011/12: £450m

Two year Jobseeker's Guarantee: £515m

Active Challenge Routes - Walk England: £2m

County Sports Partnerships: £6m

North Tees and Hartlepool Hospital: £450m

Local Authority Business Growth Initiative: £50m

Outukumpu (steel company): £13m

List of projects suspended

Libraries Modernisation Programme: £12m

Sheffield Retail Quarter: £12m

Kent Thameside Strategic Transport Programme: £23m

University Enterprise Capital Fund: £25m

Newton Scholarships: £25m

Health Research Support Initiative: £73m

Leeds Holt Park Well-being Centre: £50m

Birmingham Magistrates Court: £94m

Successor Deterrent Extension to Concept Phase Long Lead Items: £66m (will be reviewed as part of a broader report into the future of Trident submarines)

Search and Rescue Helicopters: £7bn (will be reviewed as a matter of urgency)

A14 Road: £1.1bn

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
'Blow it up': Plods pop round for chat with Commonwealth Games tweeter
You'd better not be talking about the council's housing plans
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.