Reeves sets out spending review as Labour government ‘moves to new phase’
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Reeves pledges to scrap ‘costly’ asylum hotels by 2029 in spending speech
- Rachel Reeves outlined plans to spend hundreds of billions of pounds of taxpayers’ money, stating “we are renewing Britain”.
- The chancellor said total departmental budgets will grow by 2.3 per cent a year in real terms, with an additional £190 billion for public services and £113 billion for investment.
- Prime Minister Keir Starmer said the spending review “marks the end of the first phase of this Government” as it moves to deliver change and invest in Britain’s renewal.
- Reeves pledged up to £280 million more per year by 2028/29 for the new Border Security Command and committed to ending the use of hotels for asylum seekers by the next election.
- Reeves criticised the Conservative legacy, promising to end the “costly use of hotels to house asylum seekers” and cut the asylum backlog.