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Spending Review: What is it and what might Chancellor Rachel Reeves announce?

The BBC
(2 weeks ago)
Dearbail Jordan
Spending reviewsRachel ReevesUK economy

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Chancellor Rachel Reeves is set to deliver the UK's Spending Review on Wednesday, June 11, which will set the budgets for all government departments over the next three to four years. Facing difficult choices due to a slim financial buffer and increased borrowing, the review will detail how taxpayer money will be spent on the NHS, other public services, and infrastructure projects. Key announcements are expected to include expanded winter fuel payments, an increase in defense spending (funded by cuts to the overseas aid budget), a potential £30 billion boost for the NHS, expanded free school meals, £15.6 billion for public transport schemes outside London, and £86 billion for the science and technology sector, possibly including new nuclear power stations like Sizewell C and small modular reactors.

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  1. 1 October 2024: Rachel Reeves set department budgets for 2025-26
  2. 2 March 2025: Rachel Reeves announced a £14 billion package of savings, including £4.8 billion of welfare cuts
  3. 3 April 2025: Government borrowing grew to £20.2 billion
  4. 4 January-March 2025: UK economy grew by 0.7%
  5. 5 June 11, 2025 (Wednesday): Rachel Reeves to deliver the Spending Review
  • Allocation of taxpayer money to various public services and projects across the UK
  • Potential sharp trade-offs in departmental budgets due to a modest overall spending rise
  • Increased investment in infrastructure, science and technology, and defense
  • Impact on the UK economy and public services
What: Chancellor Rachel Reeves will deliver the UK's Spending Review, which sets the budgets for all government departments for the next few years.
When: The Spending Review will be delivered on Wednesday, June 11, 2025. Department budgets for 2025-26 were set in October (2024).
Where: United Kingdom.
Why: To confirm how much taxpayers' money will be spent on public services and investment projects, while navigating a challenging economic landscape with increased government borrowing and a slim financial buffer.
How: Reeves will announce the breakdown of total government spending increases by department, covering both day-to-day ('resource') and investment ('capital') spending. She has already changed how debt is measured to free up more than £100 billion for major projects.

People

Rachel ReevesDonald Trump

Organizations

NHSInstitute for Fiscal Studies (IFS)EDFThe ObserverThe BBC

Locations

United KingdomFranceUnited States Greater ManchesterTyne-and-Wear

Chancellor Rachel Reeves is set to deliver the UK's Spending Review on Wednesday, June 11, which will set the budgets for all government departments over the next three to four years. Facing difficult choices due to a slim financial buffer and increased borrowing, the review will detail how taxpayer money will be spent on the NHS, other public services, and infrastructure projects. Key announcements are expected to include expanded winter fuel payments, an increase in defense spending (funded by cuts to the overseas aid budget), a potential £30 billion boost for the NHS, expanded free school meals, £15.6 billion for public transport schemes outside London, and £86 billion for the science and technology sector, possibly including new nuclear power stations like Sizewell C and small modular reactors.