Rahel reeves Will be today One of his biggest statements is Since MP LaborGeneral election victory.
Chancellor Desire Unveil the results of its line by reviewing line spendingEstablishment of budget of government departments by the end of the decade.
Review will be organized by a labor government Since Elastare Darling and Gordon brownReview of comprehensive expenditure in 2007. And this will see Ms. Reeves walking on the test between the party’s election promises, seeking to squeeze within her own fiscal rules.
As a result, some departments are likely to face intensive spending cuts, while others see their budget growing for years to come.
Independent See what is likely to be involved in the expenditure review and this is already the reason.
What is the expenditure review?
The expenditure of Ms. Reeves was reviewed in two parts, which includes phases one in her October budget – which included £ 40 billion tax hikes and departmental expenses by 2026.
The second phase has ordered the departments to determine how adopting technologies like AI and improving public services can free government cash and support delivery LaborMission.
Wednesday’s review will set up day to day departmental expenses for the next three years and investment expenses for the next four.
Reeves has refused to borrow for day-to-day expenses and insisted that she will not increase taxes again, questions about how policies will be funded and what will be cut.
When is the expenditure review?
Will be after review of expenses Prime MinisterQuestion, therefore at around 12.30 pm, Wednesday, June 11.
Has has already been announced?
Ms. Reeves hopes that on the infrastructure, a government’s splash will be sufficient to keep the cabinet and Labor Backbencher reverse, with Chancellor Avoiding the change in its fiscal rules allows him to borrow more to invest.
On Wednesday, he planned to invest billions of pounds in public transport in North and Midlands, which was expected to be unveiled next week.
Reeves has also confirmed that the government would use its decision to get winter fuel payments away from 10 million pensioners, a policy change that is estimated to be about £ 1.25BN.
The government has also said that the foreign aid will be cut to promote the budget to promote defense spending, which will increase by 2.3 percent of GDP by 2027 to 2.5 percent. Labor is under pressure to increase it by 3 percent by 2034.
The Chancellor has unveiled a package of £ 86 billion for science and technology, while NHS gets more boost as £ 30 billion and schools will get a boost of £ 4.5 billion to cover high salary for teachers.
Along with this, the government on Monday announced a plan to invest an additional £ 1 billion to scale the UK computer power, to ensure that the UK is a “AI Terker”.
And on Tuesday, the ministers confirmed its intentions Pump billions of pounds in Britain’s nuclear power sector, moved towards £ 14.2bn Construction New Sizewell c Nuclear Electricity house.
In the last hours before unveiling the review, Ms. Reeves announced that she would put £ 39bn towards cheap homes in the next 10 years, as well as announced the expansion of £ 3 bus fare cap by March 2027.
What else can be declared?
Ms. Reeves confirmed that Wednesday’s statement would not see another round of bumper tax hike, as some expected, which means that we are likely to see unsecured departments to see sweeping cuts.
Only protected defense, health and education departments are likely to be spared. Others will see the expenses, with the days of dominating the cut in the statements of the cabinet. Institute of fiscal studies (IFS) has already warned that “fast trade-bands are unavoidable”.
The government has already swear more money Ministry of Defence To spend 2.5 percent of GDP by 2027, money will have to come out of the budget of other departments.
Meanwhile, sometimes the ballooning NHS budget will also show pressure on other departments, as Labor invested in healthcare to cut the waiting list.
But trade-offs can reduce labor promises elsewhere, police chiefs wrote to Sir Kir Stamor Forces may face the “Stark option” to warn, about which is a crime for prioritizing due to potential cuts.
How did the cabinet and others react?
Yweet cooper And Both Angela Rener With a senior labor data refused to agree to settlements spent with Treasury until just 48 hours before the review unveiling Independent The deduction will lead to promises that spend manifesto. Areas that may be affected are boundary control, policing and social care.
But due to the forecast of development of decrease for the UK economy, cuts are necessary, which can be more downgrade in autumn Donald TrumpTariff.
Metropolitan Police Head head Mark rovle Warning was among Prime Minister If the “far -reaching consequences” proceeds with treasury slashing costs, including cutline policing cuts for cuts.
Downing Street was listed to help in discussing home office disposal, the department will be offset with an uplift in police expenses and will be offset by cutting elsewhere.
Outside the Whitehall, the Mayor of London expressed concern that the capital would not find anything in Wednesday’s review, despite the major investment in its transport projects and the power to present a tourist levy.
The sources close to Sir Sadiq Khan were warning by the government that he took the risk of returning to the “Anti-London Anti-Agenda” seen under the conservatives.
How is Britain’s economy visible?
The government has claimed that an economic change in recent months means that it can finance changes like U-turn on winter fuel payments, on Wednesday, Sir Kir said that it is also that the labor also supports the state pension triple lock.
The economy demonstrated unexpectedly in the first three months of the year, the Chancellor exposed that the UK increased the fastest in the G7, GDP increased by 0.7 percent.
But despite positive figures, experts warned that the economic landscape has moved significantly since the first quarter, especially with the introduction of Mr. Trump’s tariff.
