Spending Review 2025: Key points at a glance

Chancellor Rachel Reeves has given details of the UK’s first multi-year spending review since 2021.

The review sets the day-to-day budgets of government departments over the next three years, used to pay staff and deliver public services.

It also sets their investment budgets until the end of the decade, to pay for new infrastructure such as hospitals, schools, and military kit.

Here is a summary of the key points.

• Reeves says day-to-day budget for the NHS in England to go up by 3% per year in real terms, around an additional £29bn per year

• Core schools budget in England to go up by £4.5bn a year by 2029
• Free school meals to be extended to around 500,000 more children whose parents are receiving benefits, costing around £1bn up to 2029
• Extra £615m this year to partially fund a 4% pay rise for teachers in England, with schools expected to fund a quarter of the rise through “improved productivity”