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Written question asked by Mike Wood (Conservative) on Monday, 6 January 2025, in the House of Commons. It was due for an answer on Wednesday, 8 January 2025. It was answered by Darren Jones (Labour) on Tuesday, 14 January 2025 on behalf of the Treasury.

Public Expenditure

Question

To ask the Chancellor of the Exchequer, with reference to the written statement entitled Plan for Change: Milestones for mission-led Government, published on 5 December 2024, HCWS285, and the policy paper entitled Plan for Change, published on 5 December 2024, CP1210, whether funding announced in the Plan for Change includes funding previously announced by the Government; and whether there will be Barnett consequential funding for devolved administrations.

Answer

The government sets out its plans for departmental expenditure at regular Spending Reviews. The current Spending Review (SR25) is split into two phases.

Phase 1 of the Spending Review was published alongside Autumn Budget 2024, resetting budgets for 2024-25 and setting departmental budgets for 2025-26, including funding which will support delivery of the Plan for Change priorities. Autumn Budget confirmed the largest real-terms funding settlement for the Devolved Governments since devolution.

Phase 2 of the Spending Review will conclude later this year and the milestones announced in the Plan for Change will be the core priorities. Phase 2 will allocate departmental budgets between 2026-27 and 2028-29, with an additional year (2029-30) for capital spending. The Barnett formula will continue to apply in the usual way.

Secondary information

Type
Written question
Reference
22014
Session
2024-26
Related items
Plan for Change: Milestones for mission-led government
Thursday, 5 December 2024
Command papers
House of Commons
House of Lords
Subjects
Devolution Public expenditure
Link
View this Written question on www.parliament.uk