Chancellor Rachel Reeves has unveiled the UK government’s Spending Review, setting out how public funds will be allocated over the next four years.
Yesterday (11 June), Reeves stood up before parliament to reveal how more than £2tn of public spending will be divided up, with the hope these investments will increase GDP growth and bring about “national renewal”.
She began by saying that while Labour is “renewing Britain”, she knows that “too many people in too many parts of our country are yet to feel it. This government’s task, my task as Chancellor and the purpose of this spending review is to change that.”
Reeves acknowledged that the world has changed since the Autumn Budget and Spring Statement – notably through US tariffs and geopolitical conflicts. “The challenges we face have only grown more acute,” she noted, stating that the government will act on this by “building renewal on foundations of national security, border security and economic security”.
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