Spending Review Winners And Losers
Rachel Reeves will set out her costs strategies for the coming years this afternoon in a Costs Review anticipated to lay the course for major tax increases.
But it is likewise most likely to include squeezes for other departments as the Chancellor seeks to keep within the straight coat of financial guidelines 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 advantage paid to pensioners getting approximately ₤ 35,000 annually at an expense of around ₤ 1.25 billion to the Treasury.
Among the expected losers are the police, with Yvette Cooper's pleas for more money to aid with decreasing crime believed to have actually fallen on deaf ears, despite cautioning it might result in fewer bobbies on the beat.
Chancellor Rachel Reeves is prepared to announce real-terms increases for the service every year, but there are fears that it may not be enough.
However the Home Secretary is apparently to be soothed with more than half-a-billion pounds to till into enhancing the UK's borders - including drones to spot migrants in the Channel.
The full details will be revealed in the Commons, however a number of announcements have actually currently been made.
They include:
₤ 15.6 billion for public transport jobs in England's city areas;
₤ 16.7 billion for nuclear power jobs, including ₤ 14.2 billion for the new Sizewell C power plant in Suffolk;
₤ 39 billion over the next ten years to develop inexpensive and social housing;
An extension of the ₤ 3 recompense cap until March 2027;
₤ 445 million for upgrades to Welsh trains.
Rachel Reeves will set out her costs strategies for the coming years this afternoon in a Costs Review anticipated to lay the course for major tax increases.
But it is likewise most likely to include squeezes for other departments as the Chancellor seeks to keep within the straight coat of financial guidelines 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 advantage paid to pensioners getting approximately ₤ 35,000 annually at an expense of around ₤ 1.25 billion to the Treasury.
Among the expected losers are the police, with Yvette Cooper's pleas for more money to aid with decreasing crime believed to have actually fallen on deaf ears, despite cautioning it might result in fewer bobbies on the beat.
Chancellor Rachel Reeves is prepared to announce real-terms increases for the service every year, but there are fears that it may not be enough.
However the Home Secretary is apparently to be soothed with more than half-a-billion pounds to till into enhancing the UK's borders - including drones to spot migrants in the Channel.
The full details will be revealed in the Commons, however a number of announcements have actually currently been made.
They include:
₤ 15.6 billion for public transport jobs in England's city areas;
₤ 16.7 billion for nuclear power jobs, including ₤ 14.2 billion for the new Sizewell C power plant in Suffolk;
₤ 39 billion over the next ten years to develop inexpensive and social housing;
An extension of the ₤ 3 recompense cap until March 2027;
₤ 445 million for upgrades to Welsh trains.