Tue, 10 Jun 2025

Tue, 10 Jun 2025 Reeves to set out spending plans up to next election

The chancellor will allocate funds for the NHS, education, investment projects and other priorities.

* Rachel Reeves will unveil her spending review on Wednesday, outlining funding for public services including the NHS, schools, police and more.
* The Chancellor will emphasize plans to invest £113bn in infrastructure projects such as energy and transport.
* Some government departments may face real-terms cuts, with health and defence budgets prioritized.
* The review will cover day-to-day spending up to 2029 and investment budgets for four years.
* Ministers have negotiated funding settlements with the Chancellor, with Housing Secretary Angela Rayner agreeing a deal on Sunday.
* The department of housing is expected to receive £39bn over ten years for social and affordable housing, which will help meet the target of building 1.5 million new homes by 2030.
* The Chancellor will commit to extending the £3 bus fare cap in England until March 2027.
* The Institute for Fiscal Studies (IFS) has warned that tough choices are "unavoidable" and some departments may face spending cuts due to rising costs.
* The NHS is expected to receive significant funding, but this may mean real-terms cuts elsewhere or further tax rises.
* Chancellor Reeves will say she has made her choices in place of chaos and decline, and will prioritize investment in Britain's renewal.
* Conservative shadow chancellor Mel Stride accused Labour of "spending money it doesn't have" and predicted more borrowing and tax rises.
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