Spending Review 2025 Debate

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Department: HM Treasury

Spending Review 2025

Adrian Ramsay Excerpts
Wednesday 11th June 2025

(3 days, 11 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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I thank my hon. Friend for the work that she and my hon. Friend the Member for York Outer (Mr Charters) have done to make the moral case for financial services funds investing in defence, which is what keeps our country safe. As we uplift our defence spending, we want to get value for money. That is why we were so pleased that, in the deal that we did with the European Union, we secured a defence industrial partnership with the EU.

Adrian Ramsay Portrait Adrian Ramsay (Waveney Valley) (Green)
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Across the country, people see their health services severely overstretched, school headteachers face having to make cuts, and, of course, the most vulnerable people in society face cuts to disability benefits. According to the BBC’s analysis of the Chancellor’s statement, her figures will mean a sharp decline in budgets for public services after 2026. Is not the statement a matter of smoke and mirrors? Will the Chancellor instead consider the growing call for a wealth tax on the ultra-rich, so that she can raise the extra tens of billions that are needed to support our public services and restore much-needed pride and hope in Britain?

Rachel Reeves Portrait Rachel Reeves
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It is difficult to tell whether the hon. Gentleman supports the spending review and the additional money that we are putting into public services, or is against it. The settlement for the NHS means 3% real-terms growth a year, and for the police the figure is 2.3% a year. There is also an increase in per-pupil funding, as well as a real-terms increase in the schools budget, so I am not exactly sure what the hon. Gentleman’s complaint is.