Are we all in for a bright future?

Chancellor’s recent Spending Review explained

- WARREN SHUTE

There’s been a lot of talk about Chancellor Rishi Sunak’s recent Spending Review, but what exactly does it mean?

A Spending Review is the process carried out by HM Treasury – the Government’s financial department – which sets out just how much of taxpayers’ money can be allocated to things like the NHS, schools and the police.

The Treasury agrees with each department how much money they will receive and what they need to deliver.

As well as covering day-to-day spending and costs such as salaries, running schools and the police force, it also covers longer-term projects such as upgrading the rail networks.