Wednesday, 11 June 2025

Spending Review Is The Easy Part

It's the spending review, where the government set out the budget which the Government Departments will receive over the next three years and the Chancellor, Rachel Reeves, has announced that Government spending will increase by 2.3% and will go some way to undoing the  'destructive legacy of austerity' which to be fair, was a steaming pile of ideological right wing crap and actually did nothing to cut the deficit apart from hollow out most institutions.
So what can we look forward to?
The Ministry of Defence would have got sweet FA if i was dishing out the money but Reeves saw fit to shove a further £11bn to it so that's lots of shiny new missiles and tanks in service next time we have to 'defend ourselves'.   
The National Health Service will find an extra 3% or £29bn a year in their piggy bank and the Schools budget has risen by £4.6bn a year and a further £1.2bn a year for  training and upskilling young people. Government funding of social and affordable housing has been allocated £39bn over the next 10 years and Energy has been handed £30bn with half of that going to the building of the Sizewell C nuclear power station.
Research and development funding will go to a record high of £22bn a year and £2bn to build 'home-grown AI' and £15bn is being set aside for for new rail, tram and bus networks.
£7bn is being invested in new prisons and £2bn is allocatd to the police in England and Wales to fill them up while asylum and border security get an increase of £280m more per year.
On the nations of the UK, the chancellor announced Scotland has been allocated £52bn, Northern Ireland £20bn and Wales £23bn.
All sounds very good but that's the easy part done, now to tell us how she will raise the additional money to pay for it all which should be interesting as she has ruled out increasing income tax.