Where key money is being spent... in 99 seconds
Summary
The Chancellor, Rachel Reeves, presented the Spending Review, announcing government department budgets. She stated there would be no austerity and confirmed that department spending will grow by 2.3% over inflation each year. NHS funding will rise by 3% in real terms annually, and £39 billion has been allocated for housing.Key Facts
- Rachel Reeves is the Chancellor.
- The Spending Review explains future government budgets.
- Department spending will grow by 2.3% above inflation every year.
- The NHS budget will increase by 3% annually in real terms, meaning adjusted for inflation.
- £39 billion is set aside for housing projects.
- "Austerity", which means strict budget cuts, is not being followed.
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