Chancellor Rishi Sunak announced across-the-board funding increases for Whitehall departments on Wednesday, with total spending set to rise by more than ￡150bn over the remainder of this parliament.
As Sunak observed in his speech, the new three-year spending settlement came “contrary to speculation” that many smaller departments, such as transport, justice and local government would face cuts in day-to-day spending.
Instead, Sunak said “every single department” would see real-terms rise in overall spending and that public investment as a share of the economy would be “at the highest sustained level for nearly half a century”.
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