Rachel Reeves was branded the “spend now, tax later” Chancellor after she announced billions of pounds of new spending on public services and infrastructure projects.The Chancellor unveiled her eagerly awaited spending review in the House of Commons and committed to big funding increases for the NHS and defence.
But she did not set out how she would pay for the commitments, raising the prospect of more tax rises at the autumn Budget.
Sir Mel Stride, the shadow chancellor, said the spending review was “not worth the paper that it is written on because the Chancellor has completely lost control”.
The senior Tory said: “This is the spend now, tax later review because the Chancellor knows that she will need to come back here in the autumn with yet more taxes and a cruel summer of speculation awaits.”
Ms Reeves said her spending plans would “deliver the priorities of the British people”.
She announced the NHS will receive an extra £29 billion a year to ensure the health service is “there whenever we need it”.
She told the Commons: “An extra £29bn per year for the day-to-day running of the health service. That is what the British people voted for and that is what we will deliver. More appointments. More doctors. More scanners. The National Health Service: Created by a Labour government. Protected by a Labour government. And renewed, by this Labour Government.”
Meanwhile, the Chancellor promised to increase the core schools budget by more than £4.5 billion a year and confirmed defence spending will rise to 2.6 per cent of GDP by 2027, which included an uplift for the intelligence services.
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