Reeves to announce £39bn to help build low-cost homes
We still don't yet know the full details of what will be in today's Spending Review, but several plans have already been announced.
The most recent, which came last night, is a £39bn investment in affordable and social housing.
A government source says this investment will help ministers hit their target of building 1.5 million new homes by 2030.
Homelessness charity Crisis describes the pledge as a "determined political signal that housing really matters".
But ahead of the Spending Review, Shadow Chancellor Mel Stride criticised the government for "spending money it doesn't have".
This isn’t the first spending review from this government - one took place at the same time as the autumn Budget, which detailed spending plans until March 2026, funded mainly through tax rises.
It saw big rises for priority areas such as health, where spending is set to top £200bn next year, as well as money for public investment.
Today we’ll learn detailed plans for after 2026.
Growth in health spending may be maintained at the same rate - but with pay rises for NHS staff to fund, questions are already being asked about how rapidly services may improve.
Schools and defence too are likely to see their budgets boosted.
But the amount the chancellor has to allocate is constrained by her own rules on the public finances - meaning other departments, such as higher education and justice, may struggle in the later years of this parliament to see their budgets keep up with inflation and population growth.
And there are areas which have already had to deal with many years of tight finances. So there will be winners and losers.
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