Spending review 2025
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Britain’s Labour government sought to regain the political initiative as Treasury chief Rachel Reeves set out her spending plans for the coming years, including big increases for health, defense and housing.
The government is to make a financial contribution of £50m towards the redevelopment of Casement Park. The move comes as part of the chancellor's Spending Review, which allocates money to day-to-day public services for the next three years.
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MoneyWeek on MSNWhat did Rachel Reeves announce in the Spending Review?Chancellor Rachel Reeves announced budget increases for some departments, including a £29 billion annual injection for the NHS, but others will see cuts. What was announced in the Labour Spending Review,
The notion that the health service has emerged as a “winner” from the chancellor’s spending review is a bit like congratulating someone who has just won back the face value of a scratch card. It certainly could have been worse,
Rachel Reeves has delivered her first spending review as chancellor after months of bitter negotiations with her cabinet colleagues. She has unveiled what amount to cuts for some departments, fuelling accusations Labour is returning the country to the austerity agenda pursued by the Conservatives.
The DfE’s overall budget, including capital, will increase by an average 0.8 per cent a year in real terms by the end of the spending review period, from £100.9 billion in 2025-26 to £109.2 billion in 2028-29. Ofsted will get a £20 million funding boost to help staff inspections under its new report card plans.
Announced yesterday by chancellor Rachel Reeves, the review states that total expenditure at the DCMS will be reduced by 1.4% in coming years
Reeves to pledge £39bn to tackle housing crisis with boost to NHS and defence expected - Chancellor is set to unveil plans for all department funding on Wednesday
All eyes are on the Treasury this week as Rachel Reeves is set to lay out her spending review to Parliament on Wednesday.
The government is eager to shout about its investment in transport infrastructure and nuclear projects in this review. Reeves has committed £113 billion in extra capital spending, including £15 billion on transport outside London and £14.2 billion on the Sizewell C nuclear power plant, part of an £86 billion fund to "boost science and technology".
Reeves criticised for ‘fantasy’ plan as economists warn tax hikes ‘very likely’ - Chancellor Rachel Reeves insists she will never have to repeat last year’s Autumn Budget, when tax rises were announce