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Rachel Reeves said “we are renewing Britain” as she set out how she plans to spend hundreds of billions of pounds of taxpayers’ money. The Chancellor said total departmental budgets would grow by 2.3% a year in real terms and promised a “record cash investment” in the NHS, amounting to an extra £29 billion a year. Setting out the spending review in the House of Commons, Ms Reeves said the […]
Research into drug treatments and longer-lasting batteries will receive new funding as part of an £86 billion package for science and technology set to be announced in next week’s spending review. Regions will be handed up to £500 million with local leaders given powers to decide how investment is targeted in their communities, the Department for Science, Innovation and Technology (DSIT) said. The overall package, which will be announced as […]
The NHS is expected to receive a funding boost of up to £30 billion in the spending review next week at the expense of other public services. The Department of Health is set to be handed a 2.8% annual increase in its day-to-day budget over a three-year period. The cash injection, which amounts to a rise of about £30 billion by 2028, or £17 billion in real terms, will see […]
Rachel Reeves acknowledged she had been forced to reject calls for funding for “good” projects as she refused to loosen the rules governing her stewardship of the public finances. The Chancellor has been involved in wrangles with Cabinet colleagues over departmental budgets ahead of next week’s spending review. She insisted her self-imposed “fiscal rules” were “non-negotiable” because she would not risk the economic chaos that could be caused if the […]
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