Great Britain

Rishi Sunak to lay out fresh spending plans & economic update on 25 November


RISHI Sunak will lay out his spending plans for the next year on November 25, he confirmed today.

The Chancellor will set out a one-year spending review rather than a three-year one, as a result of the unpredictable nature of the coronavirus pandemic.

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It means Boris Johnson will have put his plan for a post-Covid vision for the UK on hold.

In his speech to the Conservative Party Conference last month, the PM vowed to see off the "alien invader" of coronavirus and "build Britain back better" with mass spending on infrastructure projects around the country.

He laid out plans for a green energy revolution, to help young people get on the housing ladder and fix ailing social care system during his time in No10.

But the Comprehensive Spending Review - which is usually a multi-year spending plan where the Chancellor doles out budgets for each Whitehall department has been cut down to just one year.

The only projects which will get longer budgets will be multi-year NHS and schools’ resource settlements, as well as priority infrastructure programmes.

There are expected to be exceptions for health and defence and potentially defence spending amid warnings from military chiefs that delaying spending plans will hamper efforts to plan for a new era of changing threats.

Rishi Sunak to unveils major support scheme for businesses hit by Tier 2 lockdowns during Covid briefing

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