Chancellor to set out one-year Spending Review in November

29 Oct 2020

Chancellor Rishi Sunak will set out a one-year Spending Review on 25 November as the government continues to tackle the economic slump caused by the coronavirus (COVID-19) pandemic.

The Spending Review will set departments' resource and capital budgets for 2021/22, and the Devolved Administration's block grants for the same period.

The Review will focus on three areas:

  • providing departments with the certainty they need to tackle COVID-19 and deliver the government's Plan for Jobs to support employment
  • giving public services enhanced support to continue to fight against the virus, alongside delivering first-class frontline services
  • investing in infrastructure to deliver the government's plans to unite and 'level up' the country, driving the economic recovery.

Mr Sunak said: 'In the current environment it's essential that we provide certainty. So we'll be doing that for departments and all of the nations of the UK by setting budgets for next year, with a total focus on tackling COVID and delivering our Plan for Jobs.

'Long-term investment in our country's future is the right thing to do, especially in areas which are the cornerstone of our society like the NHS, schools and infrastructure.'


xero quickbooks.png sage.png kashflow.png
Copyright

© 2021 Mark J Rees LLP. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
0116 2549018

Address
Mark J Rees LLP, Granville Hall, Granville Road, Leicester, Leicestershire LE1 7RU

Mark J Rees LLP is a Limited Liability Partnership Registered in England & Wales Number OC362074. A list of members’ names is available at the business address. MJR, Mark J Rees and MJR Wealth Management are trading styles of Mark J Rees LLP which is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and authorised and regulated by the Financial Conduct Authority.

‘Partner’ refers to a director of a corporate member.