Chancellor Rachel Reeves speaking to the CommonsRachel Reeves has just unveiled the government’s spending plans for the next three years.It’s the first time the UK has had a multi-year spending review – where the Treasury sets out the budgets of government departments – since 2021.Making a statement in the House of Commons today, the chancellor also explained how much each department would have to invest in capital projects such as new buildings until 2030.Reeves said: “We are renewing Britain – but I know that too many people in too many parts of our country are yet to feel it.”As this was a spending review, not an annual Budget, Reeves did not reveal any tax changes or borrowing plans.Instead, she pledged to reject austerity and announced total departmental spending will increase by 2.3% more than inflation per year.So where is all that money going? Here’s what we know.1. Major investment in the NHS The government will be making a “record” cash investment in the NHS, increasing day-to-day spending by 3% annually for the next three years after inflation.Th
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