The most recent multi-year spending review occurred in 2021. Downing Street this time round heavily briefed on ongoing negotiations with departments. There are losers…
Public spending will end up at 44.6% of GDP – the biggest spending spree since the Second World War. Follow live updates below…
The first tax cuts for which the Chancellor has been responsible are in Mauritius.
Points out there was no mention of 3% on defence.
Stride up to oppose.
Statement done. Basically no detail whatsoever in that…
NHS. 3% cash increase every year of spending review.
Attacks Farage for going to Westminster Arms.
£13.2 billion will be spent in full on home insulation.
£130 million from dormant asset scheme will be allocated to fund “facilities for our young people” for music sport drama and libraries.
Schools: Free school meals extended. £370 million for school-based nurseries.
£3 bus fare cap extended till at least March 2027.
She’ll announce plans for Northern Powerhouse Rail in the coming weeks.
A new Green Book.
A new Affordable Homes Programme – in which investing £39 billion over the next decade.
£1.2 billion per year by end of spending review on training and upskilling.
British Business Bank to be “beefed up.”
Reeves says businesses want the “chance to innovate.“
GB Energy investment.
Funding for third carbon capture project.
Nuclear power pre-announced announcement. £30 billion commitment. SMR programme with Rolls Royce.
Hotel use for asylum seekers will end in this parliament. Funding also from transformation fund.
Funding for Border Security Command increases up to £280 million more per year by end of spending review.
£4.5 billion investment in munitions.
2.6% GDP by April 2027. Intelligence included. £11 billion defence boost. £600 million intelligence boost.
Attacks Farage for praising mini-budget as “best Conservative budget since the 1980s.”
Choices only possible thanks to her “commitment to economic stability and to the decisions that I have made.“
Total departmental budgets will grow 2.3% annually in real terms.
Thanks Darren Jones.
“We are renewing Britain.” But too many “are yet to feel it.” Gulp…
Four cuts in interest rates mooted along with G7 growth. Sluggish…
Reeves brings up the fake £22 billion black hole again.
