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Reeves and Rayner Strike Last-Minute Deal Ahead of Spending Review

Securing funding for house building and councils days before the spending review leaves police allocations unresolved

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Police had raised concerns that there was not enough cash to take on all crimes
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Overview

  • Reeves and Rayner concluded last-minute talks on Sunday to guarantee funding for the affordable homes programme and council services ahead of the June 11 spending review.
  • Home Secretary Yvette Cooper remains in negotiations to secure extra policing funds after warnings that cuts could endanger public safety.
  • The NHS will receive a boost of up to £30 billion by 2028, reflecting a 2.8 percent annual increase in its day-to-day budget.
  • Defence expenditure is slated to reach 2.5 percent of GDP by 2027, and science and technology investment will total £22.5 billion per year by 2029/30.
  • Reeves relaxed fiscal rules to free up £113 billion for capital projects and retained £9.9 billion in headroom under tight spending limits.