Spending review's key points at a glance

Sky News

a day ago

Rachel Reeves has set out her spending review in the House of Commons.
It outlines how much day-to-day funding government departments will get over the next three years, until 2029, which is used on things like wages.
It also covers a department's investment (also known as capital) budget over the next four years, until the end of 2030. This money is used to pay for things like new infrastructure projects.
The last spending review was held during the COVID-19 pandemic, and before that, in 2015.
Here's what's been announced:
Department winners and losers
Sky News has crunched the numbers to see which government departments have benefited after the spending review, and which have seemingly lost out.
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The chart below sets out which departments are getting the biggest increase in their day-to-day budgets.
The second chart maps the biggest increases in capital spending.
Defence
A major recipient of funds is the Ministry of Defence. Defence spending will rise from 2.3% of gross domestic product (GDP) to 2.6% by 2027. This equates to an £11bn uplift and a £600m uplift for security and intelligence agencies.
Within that there'll be £4.5bn of investment in munitions made across the country and more than £6bn to upgrade to nuclear submarine production.
The department is one of the biggest winners of the spending review.
In total, an extra 3.8% will be spent from this year to the end of 2029, when the spending period ends.
Much of that increase will be capital spending - a rise of 7.3%, whereas day-to-day spending will only go up 0.7% in the same period.
Ms Reeves said it was because of cuts to foreign aid that such defence rises are possible.
The Foreign, Commonwealth and Development Office was among the biggest losers, with spending set to fall 8.3% in total over the next three years.
Its capital spending will drop 6.8%, with day-to-day spending down 6.9%.
NHS
The chancellor announced an extra £29bn a year will be spent on the NHS, an annual rise of 3% on current levels.
She says she is increasing the NHS technology budget by almost 50%, and £10bn to bring the "analogue health system into the digital age".
The department in control of the NHS, the Department of Health and Social Care, is also a "real big winner", Sky News' data and economics editor Ed Conway says.
Day-to-day spending will rise 2.8%, while there will be no increase in capital expenditure.
Asylum and border security
The chancellor says border security funding will increase, with up to £280m more per year by the end of the spending review for the new Border Security Command.
She said the Home Secretary Yvette Cooper will end hotels being used to house asylum seekers by 2029.
The chancellor says funding she has announced today, including from the transformation fund, will also cut the asylum backlog, see more appeal cases heard and "return people who have no right to be here".
This will save the taxpayer £1bn a year, she claimed.
As a result of these savings, the Home Office will have 1.4% less to spend by 2029, compared to this year.
Broken down on a day-to-day basis, it's a 1.7% drop but a 0.7% rise in capital expenses.
Education and training
The chancellor confirmed that free school meals will be extended to over half a million more children and said that the policy will lift 100,000 children out of poverty.
Nearly £2.3bn a year will go to fix crumbling classrooms. A further £2.4bn will be spent on rebuilding 500 schools.
Another record investment amount was announced by Ms Reeves for training and upskilling - £1.2bn a year by the end of the spending review will go to support more than a million young people into training and apprenticeships.
School-based nurseries have been given £370m. The core schools budget is rising by £3.5bn a year.
Housing
Government funding of social and affordable housing has been allocated £39bn, over the next 10 years - which Ms Reeves called the "biggest cash injection into social housing in 50 years".
She says she is providing an additional £10bn for financial investments, to be delivered through Homes England, to help unlock hundreds of thousands more homes.
Energy
A commitment to nuclear power was reiterated, with £30bn allocated.
Of this, £14.2bn is being poured into the Sizewell C nuclear power station - which was announced earlier this week - on the Suffolk coastline.
Another £2.5bn will be invested in a new small modular reactor programme.
Science and technology
The chancellor says she wants the country's high-tech industries in Britain to continue to lead the world in the years to come.
Research and development funding will go to a record high of £22bn a year by the end of the spending period.
Artificial Intelligence
The chancellor has backed "home-grown AI" with a £2bn investment.
She says the technology has the potential to "solve diverse and daunting challenges" and create "good jobs".
Transport
The chancellor announced £15bn for new rail, tram and bus networks across the West Midlands and the North. She's also given the green light to a new rail line between Liverpool and Manchester.
She says investments in buses, train stations, metro lines and transit will be made in places including Rochdale, Merseyside, Birmingham and West Yorkshire.
In London, Ms Reeves says there will be a "four-year settlement" for the Transport for London and a "fourfold increase" in local transport grants by the end of this parliament.
As expected, the £3 bus cap has been extended to March 2027. It had been £2 up to the end of 2024.
Justice
To fund 14,000 new prison places, £7bn will be invested, with £700m a year going to reform the probation system.
In order to reach the goal of 13,000 more police officers in England and Wales, £2bn will be allocated.
Nations
• Scotland has been allocated £52bn
• Northern Ireland has been allocated £20bn
• Wales has been allocated £23bn.