Chancellor Rishi Sunak to Establish One-Year Spending Review in Attempt to Address COVID Crisis | Political news



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Chancellor Rishi Sunak will set the government’s one-year spending plans next month, as he seeks to address the economic crisis caused by the coronavirus.

The Treasury has announced that a review of spending 2021-22 will be published on November 25, as the government prioritizes its response to COVID-19 and strives to protect jobs.

The government had previously confirmed that it was scrapping a proposed multi-year spending review after those plans were diverted by the government. coronavirus crisis.

Marcus Rashford helping at FareShare Greater Manchester
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Issue 10 has hinted that the spending review could be used to respond to Marcus Rashford’s campaign.

Mr. Sunak said: “In today’s environment, it is essential that we provide certainty.

“So we will do that for departments and all nations in the UK when setting budgets for next year, with a total focus on addressing COVID and delivering our ‘Blueprint for Jobs’.

“Long-term investment in the future of our country is the right thing to do, especially in areas that are the cornerstone of our society, such as the NHS, schools and infrastructure.

“We will ensure that these crucial areas for our economic recovery have their budgets in place for more years so that they can plan and help us rebuild better.”

Earlier this week, Downing Street hinted that the chancellor could use next month’s spending review to announce extra money to help feed struggling families over Christmas.

Ministers are under pressure to respond to a high-profile campaign by English footballer Marcus Rashford to expand free school meals and provide meals during all school holidays for those in need.

Issue 10 pointed out to reporters Health Secretary Matt Hancock’s comments that “the spending review establishes any future funding on behalf of the government.”

Next month’s spending review will be accompanied by an economic forecast from the Office of Budget Responsibility.

The spending review will establish the resource and capital budgets of the government departments for 2021-22, and the block grants of the decentralized administrations for the same period.

Funding for the NHS and schools will continue for several years, along with priority infrastructure projects.



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