Spending Review: Labour boosts housing, NHS and defence budgets

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Spending Review: Labour boosts housing, NHS and defence budgets

A big day for the UK economy – Rachel Reeves made the NHS one of the biggest winners in today’s Spending Review.

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It will get a 3% increase in its day-to-day budget for the rest of this Parliament. Even then, some were grumbling that it might not be enough.

But other departments like the Home Office, Foreign Office and the Environment face real cuts in current spending. The Chancellor also confirmed big increases for long-term capital spending on house building, defence and energy.

The Conservatives claimed it was a "spend now, tax later” review.

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Date: June 11, 2025