Rachel Reeves will promise to “invest in the renewal of Great Britain” while revealing his expenses plans for the coming years on Wednesday.
The chancellor is expected to announce great increases in spending on NHS, defense and schools as part of an expense review that will include £ 113 billion of investment thanks to the rules of borrowing of more loose loans.
It will also reveal changes in the rules of the “Green Book” of the Treasury that govern what projects receive investment in an effort to boost the expense outside of London and the Southeast.
Arguing that this investment is “possible only because of the stability that I have introduced” after the October budget, Mrs. Reeves are expected to say that her review of expenses “will ensure that renewal sits in the daily life of people, their works, their communities.”
She will say: “The priorities in this expense review are the priorities of working people.
“Investing in the safety, health and economy of our country so that working people throughout our country are better.”
Among the other expected ads in the review of expenses are £ 39 billion for affordable homes in the next 10 years, since the government seeks to fulfill its promise to build 1.5 million homes for the next elections.
The Treasury said that this would make the annual investment in affordable homes increase to £ 4 billion by 2029/30, almost double the average of £ 2.3 billion between 2021 and 2026.
A source of the government said: “We are changing the course against the unacceptable housing crisis in this country with the greatest impulse to investment in social and affordable homes in a generation, fulfilling our commitment of plans for change to achieve the construction of Great Britain.”
The Chancellor has also announced about £ 15.6 billion expenses in public transport in the regions of the city of England, and £ 16.7 billion for nuclear energy projects, whose variety will finance the new Sizewell C plant in Suffolk.
But the review of expenses will establish difficult expenditure limits for departments other than health, defense and education.
Although it is reported that Mrs. Reeves agreed an increase above inflation in the police budget, it is believed that this occurred at the expense of cuts in other parts of the office spending at home.
And the sources close to the mayor of London, Sir Sadiq Khan, have expressed concern that the review of expenses has nothing to the capital.
Before the expense review, the Institute of Fiscal Studies warned that any increase in NHS financing above 2.5% is likely to mean the real terms cuts for other departments or increases in additional taxes that occur in the budget this fall.
The Foreign Minister has already insisted that his fiscal rules remain in force, together with the commitment of the labor manifesto not to increase income tax, national insurance or VAT.
She will say on Wednesday: “I have made my decisions. Instead of chaos, I choose stability. Instead of decline, I choose the investment. Instead of retreat, I choose the national renewal.
“These are my elections. These are the elections of this government. These are the elections of the British people.”
