Downing Street announced that the UK government's latest spending plans, the Spending Review, have been settled. Chancellor Rachel Reeves is set to announce funding increases for the NHS, schools, and defence, along with infrastructure projects, on Wednesday. Home Secretary Yvette Cooper finalized a deal on Monday afternoon, following public warnings from police chiefs calling for more money. The plans involve loosening Treasury borrowing rules to free up about £113bn for infrastructure but will require squeezing budgets elsewhere to meet fiscal rules. The review follows a U-turn on Winter Fuel payments and pledges for science, technology, and free school meals, balanced by welfare cuts.
Spending review now settled, says Downing Street
PolicingSpending reviewsRachel ReevesYvette Cooper
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TL;DR: Key points with love ❤️Downing Street announced that the UK government's latest spending plans, the Spending Review, have been settled. Chancellor Rachel Reeves is set to announce funding increases for the NHS, schools, and defence, along with infrastructure projects, on Wednesday. Home Secretary Yvette Cooper finalized a deal on Monday afternoon, following public warnings from police chiefs calling for more money. The plans involve loosening Treasury borrowing rules to free up about £113bn for infrastructure but will require squeezing budgets elsewhere to meet fiscal rules. The review follows a U-turn on Winter Fuel payments and pledges for science, technology, and free school meals, balanced by welfare cuts.
Trending- 1 March (current year): Chancellor Rachel Reeves announced a £14bn package of savings.
- 2 Over the weekend: Ministers remained locked in budget talks.
- 3 Sunday evening: Housing Secretary Angela Rayner reached a deal with the Treasury.
- 4 Monday afternoon: Home Secretary Yvette Cooper fixed a deal; the prime minister's official spokesman announced the Spending Review was settled.
- 5 Wednesday: Chancellor Rachel Reeves is expected to set out her day-to-day spending and investment plans for each department.
- Funding increases for the NHS, schools, defence, and infrastructure projects.
- Budget squeezes in other government departments to balance spending.
- Potential political debate over the government's spending priorities and fiscal choices.
- The government's U-turn on Winter Fuel payments is confirmed within the new plans.
What: The UK government's Spending Review, which outlines departmental spending and investment plans, has been settled, with Chancellor Rachel Reeves set to announce details including funding increases for key public services and infrastructure projects.
When: Settlement announced Monday afternoon, June 9, 2025. Chancellor's announcement expected on Wednesday.
Where: Downing Street, United Kingdom.
Why: To stabilize the British economy and public finances, deliver on government promises, and invest in Britain's renewal, focusing on public services and economic growth.
How: Through intensive negotiations between the Treasury and various government departments, loosening borrowing rules for infrastructure investment, and implementing savings elsewhere (e.g., welfare cuts) to meet fiscal rules.