Chancellor to set out one-year Spending Review
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.’
Do you need assistance with your accounts? Talk to our team today
A simple, hassle free way to request a quote from AP Robinson & Co.
Simply fill in the form with your contact information and a brief description of the work you want carried out and we’ll then contact you directly - either by email, text message or a phone call for a friendly and informal chat about your requirements.