The government's spending review shows significant increases in capital spending for projects like nuclear energy and infrastructure, but day-to-day funding for many departments is being cut. Health, led by Wes Streeting, emerges as a major beneficiary with a £30 billion budget increase—an almost 3% rise. However, this growth is still below historical averages and comes amid increasing demands from health professionals for higher pay and resource availability. Competing needs across departments reflect ongoing fiscal challenges, with calls for more funding amidst austerity-like constraints for other sectors.
Even though Rachel Reeves denounced austerity in her speech in the Commons, this will feel the same for many ministers, who are seeing their budgets cut even lower than they were under the Conservatives.
The Institute for Fiscal Studies suggests his budget rise is around 60% of the cash increase in the overall day-to-day spending envelope, but still below the long-running average of 3.6%.
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