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Day: June 4, 2025
Chancellor will give speech in Greater Manchester, while police leaders have written to the PM over potential cuts in next week’s spending review
Good morning. A week today Rachel Reeves, the chancellor, will unveil the outcome of the spending review, which will set spending budgets – day-to-day (“resource”) and capital – covering most of the rest of this parliament. Many departments will get resource budgets that feel like cuts, but the Treasury has a more positive story to tell on capital spending and today Reeves is giving a speech announcing a £15bn spending spree on transport projects, mostly in the north of England.
Pippa Crerar and Jessica Elgot have all the details in our splash story.
We are deeply concerned that the settlement for policing and the [NCA], without additional investment, risks a retrenchment to what we saw under austerity. This would have far-reaching consequences.
Policing and the NCA have seen a sustained period where income has not kept pace with demand. Often, this has been masked by attempts to defer costs in the hope of more income in future, but that now leaves policing with very limited room for manoeuvre.