How and when to watch Rachel Reeves's Spending Review
The review, which will set out day-to-day spending plans for the next three years and capital spending plans for the next four, is also expected to see money for the Acorn carbon capture project near Peterhead.
Charities have urged the Labour Chancellor to go further on tackling child poverty, but no reports have said she will address the issue, instead focusing on funding boosts for the NHS, defence, and schools.
READ MORE: These key economic truths show how independent Scotland and Wales can succeed
It is likely to involve squeezes for other Government departments as the Chancellor seeks to keep within the fiscal rules she has set for herself.
Her room for manoeuvre has also been further constrained by the Government's U-turn on Winter Fuel Payments, which will see the benefit paid to pensioners receiving up to £35,000 per year at a cost of around £1.25 billion to the Treasury.
The full details will be revealed in the Commons on Wednesday, but several announcements have already been made.
They include:
£15.6 billion for public transport projects in England's city regions.
£16.7 billion for nuclear power projects, including £14.2 billion for the new Sizewell C power plant in Suffolk.
£39 billion over the next 10 years to build affordable and social housing.
£445 million for upgrades to Welsh railways.
£250 million over three years as part of the first phase of the Faslane nuclear base redevelopment.
£750 million for a supercomputer in Edinburgh.
The Chancellor is also expected to announce changes to the Treasury's 'green book' rules that govern whether major projects are approved.
The Government hopes that changing the green book will make it easier to invest in areas outside London and the South East.
What time is Chancellor Rachel Reeves's Spending Review?
The Chancellor's statement is expected to begin at the despatch box at Westminster at around 12.30pm on Wednesday.
It will begin immediately after Prime Minister's Questions, which will take place in the Commons from midday.
How to watch Chancellor Rachel Reeves's Spending Review?
The full statement will be streamed live on the Westminster Parliament's website. You can find the stream here.
The questions to the Chancellor from MPs will also be shown in full on the Parliament stream
It is also likely that the rolling news channels, such as Sky News and BBC News, will show the Spending Review statement. However, they will normally cut off before showing all of the MPs' questions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Western Telegraph
32 minutes ago
- Western Telegraph
Government ‘putting its money where its mouth is' with £200m for Acorn scheme
Ministers confirmed they are meeting in full the request for development funding for the Acorn project in Aberdeenshire – the first time a government has provided funding of this scale for such a project to proceed. The scheme, which proposes storing emissions from across Scotland under the North Sea, had previously been overlooked for support despite repeated calls from the Scottish Government and others for it to be backed. With the UK Government also pledging to support the Viking carbon capture and storage (CCS) project in the Humber, Mr Miliband insisted the two schemes will 'support industrial renewal' with 'thousands of highly skilled jobs'. According to the sector, Acorn could support about 15,000 jobs at its peak, with up to 20,000 jobs at the Viking project. As it develops, it is planned the Acorn site will link up with the former oil refinery at Grangemouth via more than 200 miles of pipelines. An existing 175 miles of gas pipes will be repurposed for this, with 35 miles of new pipeline also being built, allowing CO2 from the Grangemouth site to be transported to Acorn's storage facilities under the North Sea. The move is seen by many as being key in securing a future for the facility, where some 400 workers were recently made redundant. Ed Miliband visited the Acorn project site near Peterhead, Aberdeenshire, on Thursday (Paul Campbell/PA) Speaking as he visited the site near Peterhead, Aberdeenshire, Mr Miliband said: 'This Government is putting its money where its mouth is and backing the trailblazing Acorn and Viking CCS projects. 'This will support industrial renewal in Scotland and the Humber with thousands of highly-skilled jobs at good wages to build Britain's clean energy future. 'Carbon capture will make working people in Britain's hard-working communities better off, breathing new life into their towns and cities and reindustrialising the country through our Plan for Change.' Mr Miliband visited the site the day after Rachel Reeves promised funding for Acorn in her spending review – although the Chancellor did not put a figure on how much support would be given in her statement to MPs. (PA Graphics) Tim Stedman, chief executive of Storegga, the lead developer of Acorn, said: 'We warmly welcome the UK Government's support for the Acorn project and the commitment to development funding that will enable the critical work needed to reach final investment decision.' He added the 'milestone' is 'key not only for Acorn but for establishing Scotland's essential CCS infrastructure needed to grow and scale the UK's wider carbon capture and storage industry'. Mr Stedman continued: 'We look forward to working with Government in the months ahead to understand the details of today's commitment, and to ensure the policy, regulatory and funding frameworks are in place to build and grow a world-leading UK CCS sector.' Graeme Davies, executive vice-president at Harbour Energy, which is leading the Viking project, said the commitment in the spending review 'sends a strong signal' that the project is 'an infrastructure-led economic growth priority' for the Parliament. He added: 'We will work with Government on the critical steps needed to progress Viking CCS towards a final investment decision.'
Glasgow Times
32 minutes ago
- Glasgow Times
Inspector's report into Chinese ‘mega-embassy' with ministers for final decision
Communities minister Baroness Taylor of Stevenage said a Government determination on the application would be made on or before September 9. Until then, neither the inspector's report nor its recommendation would be made public. The plans by Beijing for a super-embassy on the historic former site of the Royal Mint near the capital's financial district have sparked security concerns. Worries stem from the close proximity of the extensive development to critical data centres and communication cables. The contentious scheme comes against the backdrop of ongoing disquiet over Chinese interference in the UK, with allegations of spies infiltrating the establishment and secret police stations being used to intimidate dissidents in Britain. Unease has also previously been raised over ministerial involvement in progressing the plans, after the Metropolitan Police dropped their opposition. The final decision on the application now rests with Communities Secretary Angela Rayner (PA/Gareth Fuller) The embassy development was 'called in', which means Communities Secretary Angela Rayner, who is also Deputy Prime Minister, will make the final decision taking into account the inspector's findings. Updating peers at Westminster, Lady Taylor said: 'The inspector's report was received on June 10 by the department. 'Parties have been notified that a decision will be made on or before September 9 2025. 'As the report has just been received, we have not yet begun to assess the case. 'The inspector's report will form part of the final decision and will be released alongside it. 'Until that point, neither the recommendation nor the report will be made public.' She added: 'Because we now have the report, we will be considering it, it wouldn't be helpful to comment on any specific security issue raised on the application while it's under active consideration by the department.' The minister said the inspector's evidence-based recommendation would take into account a wide variety of material planning matters, which 'may include safety and national security'. Pressed over previous warnings by the head of MI5 over the 'epic scale' of Chinese espionage in the UK, Lady Taylor said: 'National security is, of course, the first duty of government, more generally. 'With regards to the specifics of the case, the inspector's report will consider the application against all of the national issues, local issues and regional issues, according to planning policy, and safety and national security will be taken into consideration, to make sure that we have considered fully all of the issues that may relate to this planning application.' She added: 'It's difficult to answer general questions about the relationship with China and talk about that in the same space as a planning decision, which has to be taken according to a fixed process. 'But please be assured that national security is (something) we very strongly consider to be our first duty.' Independent crossbencher Lord Alton of Liverpool, who has been banned by Beijing over his criticism of its human rights record, including its treatment of the Uighur Muslim minority, said: 'It's hard to imagine that if in 1980 the former Soviet Union had asked for a prime site for a new mega-embassy that we in Parliament would have agreed at that time.' Responding, Lady Taylor said: 'The Government stands firm on human rights, including against China's repression of the people of Xinjiang and Tibet.' On the plans for the embassy, she added: 'All material planning considerations will be taken into account in determining the case.'
Glasgow Times
32 minutes ago
- Glasgow Times
Government ‘putting its money where its mouth is' with £200m for Acorn scheme
Ministers confirmed they are meeting in full the request for development funding for the Acorn project in Aberdeenshire – the first time a government has provided funding of this scale for such a project to proceed. The scheme, which proposes storing emissions from across Scotland under the North Sea, had previously been overlooked for support despite repeated calls from the Scottish Government and others for it to be backed. With the UK Government also pledging to support the Viking carbon capture and storage (CCS) project in the Humber, Mr Miliband insisted the two schemes will 'support industrial renewal' with 'thousands of highly skilled jobs'. According to the sector, Acorn could support about 15,000 jobs at its peak, with up to 20,000 jobs at the Viking project. As it develops, it is planned the Acorn site will link up with the former oil refinery at Grangemouth via more than 200 miles of pipelines. An existing 175 miles of gas pipes will be repurposed for this, with 35 miles of new pipeline also being built, allowing CO2 from the Grangemouth site to be transported to Acorn's storage facilities under the North Sea. The move is seen by many as being key in securing a future for the facility, where some 400 workers were recently made redundant. Ed Miliband visited the Acorn project site near Peterhead, Aberdeenshire, on Thursday (Paul Campbell/PA) Speaking as he visited the site near Peterhead, Aberdeenshire, Mr Miliband said: 'This Government is putting its money where its mouth is and backing the trailblazing Acorn and Viking CCS projects. 'This will support industrial renewal in Scotland and the Humber with thousands of highly-skilled jobs at good wages to build Britain's clean energy future. 'Carbon capture will make working people in Britain's hard-working communities better off, breathing new life into their towns and cities and reindustrialising the country through our Plan for Change.' Mr Miliband visited the site the day after Rachel Reeves promised funding for Acorn in her spending review – although the Chancellor did not put a figure on how much support would be given in her statement to MPs. (PA Graphics) Tim Stedman, chief executive of Storegga, the lead developer of Acorn, said: 'We warmly welcome the UK Government's support for the Acorn project and the commitment to development funding that will enable the critical work needed to reach final investment decision.' He added the 'milestone' is 'key not only for Acorn but for establishing Scotland's essential CCS infrastructure needed to grow and scale the UK's wider carbon capture and storage industry'. Mr Stedman continued: 'We look forward to working with Government in the months ahead to understand the details of today's commitment, and to ensure the policy, regulatory and funding frameworks are in place to build and grow a world-leading UK CCS sector.' Graeme Davies, executive vice-president at Harbour Energy, which is leading the Viking project, said the commitment in the spending review 'sends a strong signal' that the project is 'an infrastructure-led economic growth priority' for the Parliament. He added: 'We will work with Government on the critical steps needed to progress Viking CCS towards a final investment decision.'
