Rahel reeves Will be next week 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.
Reavs has also confirmed that the government would use its decision to get winter fuel payments away from 10 million pensioners, a policy change that may cost more than £ 1BN.
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 to 3% by 2034.
What else can be declared?
Chancellor The possibility has raised the possibility that he will confirm Labor’s plans to u-turn on his controversial winter fuel cut, promises to announce the details on Wednesday.
Ms. Reeves confirmed that Wednesday’s statement would not see another round of bumper tax hike, as some expected.
And 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?
Report suggests Yweet cooper, Angela Rener And Ed Milliband Had refused to agree to settlements spent with just one week to go with a senior labor data. Independent The deduction will lead to promises that spend manifesto. Areas that can be affected are boundary control, policing, housing 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.
House office Police chiefs warned, and the treasury dialogue is getting “spoiled”.
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.