..Report of the Spending Review 2020
Spending Review on 2020

This afternoon the Spending Review 2020 speech was delivered to Parliament by Chancellor Rishi Sunak.

Government Spending Review 2020
See the main GOV.UK webpage.
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See the HM Treasury webpage on the Spending Review 2020. More

Spending Review 2020 documents. More

Main points in the Spending Review.
BBC News

See our report on the Budget Spring Statement made on Wednesday 11th March 2020
The Spring Statement made in the House of Commons by the Chancellor of the Exchequer, Rishi Sunak MP, on Wednesday 11th March 2020 provided an update on the Government's plans for the economy based on the latest forecasts from the independent Office for Budget Responsibility. These forecasts are published alongside the Spring Statement.
Report


Posted: 201125


See a copy of the Spending Review 2020. More
 See See a copy of the Chancellor's speech. More
Executive summary
The first two paragraphs of the executive summary for the Spending Review 2020 document are:

1. Spending Review 2020 (SR20) prioritises funding to support the government's response to Covid-19, invest in the UK's recovery and deliver on promises to the British people. It sets departmental budgets for 2021-22 and devolved administrations' block grants for the same period, confirming that core day-to-day spending - that is, before taking into account Covid-19 spending - will grow at an average of 3.8 per cent a year in real terms from 2019-20 to 2021-22. This is the fastest rate in 15 years.


2. SR20 also provides £100 billion of capital investment next year, a £27 billion real terms increase compared to 2019-20. This is another significant step towards achieving the government's objective of over £600 billion of gross public investment over the next five years, reaching the highest sustained levels of public sector net investment as a proportion of GDP since the late 1970s
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Comment
This was a Spending Review and not a Budget statement so the likely tax changes will follow, presumably in the next Budget statementt in Spring 2021.

The Spending Review 2020 document has all the details of the capital projects for the transport sector, including the tunnel on the A303 near Stonehenge and details of the enviromnmental measures including the ban on new fossil fuelled cars by 2030, announced last week.
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