""In a policy paper published in March, the Treasury found that past spending reviews had failed to take tech investment seriously.""
""Financial pressures during and between Spending Reviews often mean short-term savings are prioritized over long-term digital investments.""
The UK begins its first multi-year spending review since 2021, where Chancellor Rachel Reeves must navigate spending pressures post-COVID-19 against potential tax hikes and borrowing. A significant focus will be on transforming departmental tech spending, notably £14 billion annually. Past reviews neglected tech investments, leading to outdated systems and inefficiencies, as highlighted by a Treasury report. Furthermore, auditor findings revealed substantial increases in remediation costs for legacy systems, exemplifying the urgent need for better digital infrastructure.
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