U.K. Spending Review’s Choices
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Rachel Reeves has promised to back UK fintech and in Labour’s inaugural Spending Review, she piled billions into the tech sector. The Chancellor handed the Department for Science, Innovation and Technology (DSIT) a hefty £16.
British finance minister Rachel Reeves announced her first multi-year spending review on Wednesday, dividing up more than 2 trillion pounds ($2.7 trillion) of public money between her ministerial colleagues and setting their budgets until 2029.
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.
Following the Comprehensive Spending Review, Siva Anandaciva unpacks the numbers to explore what they mean for health and care.
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.
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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 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".
All eyes are on the Treasury this week as Rachel Reeves is set to lay out her spending review to Parliament on Wednesday.
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