Rachel Reeves is set to announce substantial spending increases for regions outside southeast England during next month’s spending review. This follows a review of the Treasury's investment rules, known as the green book, which critics state has historically favored economically productive areas. Reeves' upcoming plan aims to address disparities in funding distribution, as ministers respond to concerns over the political influence of Reform UK in northern and Midland constituencies. Additionally, recent government actions include allocating funds for building repairs in schools and hospitals to enhance safety and comfort for children and patients across England.
Rachel Reeves is gearing up to announce significant extra spending aimed at regions outside of south-east England, reforming Treasury investment rules for fairer allocation.
The Chancellor will present the extra capital funding following a review of the Treasury's green book, which currently favors economically productive regions.
Critics argue that the existing rules within the Treasury's green book are biased towards the south-east, prompting Reeves’ overarching reform promises.
The government, while navigating reduced departmental spending, aims to ensure the safety and comfort of children and patients in schools and hospitals across England.
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