U.K. Chancellor Rachel Reeves is delivering the government’s Spending Review on Wednesday, with all eyes on how billions of pounds’ worth of public money are split between departments and infrastructure projects.
We already know that “protected departments” such as health and defense will see big funding boosts — but losers could surface among “unprotected” units.
Departments like the Home Office and those overseeing local government and the environment could see their budgets squeezed as the government targets cost cutting.
Reeves started announcing her Spending Review to the British parliament at 12:30 p.m. London time and we’ll update this story with the headline announcements as they’re made.
“We are renewing Britain,” Reeves told lawmakers as she begins her address.
