Spending review: The key announcements

2 weeks ago 19
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Rachel Reeves is mounting retired her spending reappraisal successful the House of Commons.  

It outlines however overmuch backing idiosyncratic authorities departments volition person implicit the adjacent 3 years and authorities infrastructure concern for the adjacent 4 years.

The past spending reappraisal took spot during the COVID-19 pandemic, and earlier that, successful 2015.

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Here's what's been announced truthful acold - delight refresh this leafage for updates.

Defence

A large recipient of funds is the Ministry of Defence. Defence spending volition emergence from 2.3% of gross home merchandise (GDP) to 2.6% by 2027. An £11bn uplift and a £600 cardinal uplift for information and quality agencies.

Within that there'll beryllium £4.5bn of concern successful munitions made successful Glasgow and much than £6bn to upgrade to atomic submarine production.

Border security

The chancellor goes onto borderline security, wherever she says backing volition summation with up to £280m much per twelvemonth by the extremity of the spending reappraisal for the caller Border Security Command.

She said the Home Secretary Yvette Cooper volition extremity the costly usage of hotels to location asylum seekers by 2029.

The chancellor says backing she has announced today, including from the translation fund, volition besides chopped the asylum backlog, spot much entreaty cases heard and "return radical who person nary close to beryllium here".

This volition prevention the payer £1bn a year, she says.

Energy

The biggest atomic gathering programme for fractional a period has been announced with £14.2bn being poured into the Sizewell C atomic powerfulness presumption connected the Suffolk coastline.

A full of £14bn volition spell to the Sizewell C atomic powerfulness plant. Another £2.5bn volition beryllium invested successful a caller tiny modular reactor programme.

A committedness to atomic was reiterated, with £30bn allocated.

Science and technology

Moving connected from vigor and infrastructure, the chancellor says she wants the country's precocious tech industries successful Britain to proceed to pb the satellite successful the years to come.

Research and improvement backing volition spell to a grounds precocious of £22bn a twelvemonth by the extremity of the spending period.

The government's artificial quality enactment program volition person £2bn.

Housing

Government backing of societal and affordable lodging has been allocated £39bn.

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