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Treasury spending review

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The Treasury has announced a one-year spending review which will set government department budgets and devolved administration block grants for 2021/22. The government’s aim is to ‘focus entirely on the response to covid-19 and supporting jobs’ rather than undertaking a review for the rest of the current Parliament.

According to the Treasury, the spending review will focus on three areas:

  1. Provide departments with the certainty they need to tackle covid-19 and deliver the UK government’s plan for jobs to support employment.
  2. Give extra support to vital public services to continue to fight against the virus alongside delivering first-class frontline services.
  3. Invest in infrastructure as part of the plan for economic recovery and the desire ‘to unite and level up the country’.

This will include confirmation of ‘multi-year capital spending for key programmes where certainty is needed to ensure no time is lost in delivery’.

The date for the review has yet to be confirmed but is expected ‘in the last weeks of November’.

Issue: 1506
Categories: News
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