Chancellor launches vision for future public spending

7 Sep 2021 03:21 PM

Government spending plans to be set out at the Spending Review on 27 October alongside an Autumn Budget.

• The Spending Review will set out the plan for how public spending will deliver the people’s priorities over the next three years.

The Chancellor yesterday (7 September) launched Spending Review 2021 (SR21), which will conclude on 27 October 2021 alongside an Autumn Budget and set out the government’s spending priorities for the Parliament.

The three-year review will set UK government departments’ resource and capital budgets for 2022-23 to 2024-25 and the devolved administrations’ block grants for the same period.

When added to what we have already provided to invest in our future, our plans – including the additional funding for health and social care announced yesterday (7 September) – mean core departmental spending will grow in real terms at nearly 4% per year on average over this Parliament. By 2024-25 that means that core departmental spending will be £140 billion more per year in cash terms than at the start of the Parliament.

At the Spending Review, the government will set out how we will Build Back Better, deliver the priorities of the British people and continue to support businesses and jobs through:

• Ensuring strong and innovative public services – making people’s lives better across the country by investing in the NHS, education, the criminal justice system and housing;
• Levelling up across the UK to increase and spread opportunity; unleash the potential of places by improving outcomes UK-wide where they lag and working closely with local leaders; and strengthen the private sector where it is weak;
• Leading the transition to Net Zero across the country and more globally;
• Advancing Global Britain and seizing the opportunities of EU Exit;
• Delivering our Plan for Growth – delivering on our ambitious plans for an infrastructure and innovation revolution and cementing the UK as a scientific superpower, working in close partnership with the private sector

Click here for the full press release