Budget breakdown: The £150 billion of spending promised by Rishi Sunak
Sending on childcare, transport, the justice system and the Devolved administration all promised
Max ChannonNetwork Content Editor
Rishi Sunak has pledged to spend billions of pounds on his "three building blocks" of the Budget - "strong public services, infrastructure innovation and skills".
The Chancellor said that every Whitehall department will receive a "real terms rise in overall spending" amounting to £150 billion over this Parliament.
Here's a breakdown of what's being promised:
The Chancellor announced £300 million for "A Start for Life" parenting programmes, with an extra £170 million by 2024/25 going into paying for childcare.
Mr Sunak confirmed a levy will be placed on property developers with profits over £25 million at a rate of 4% to help create a £5 billion fund to remove unsafe cladding.
The Chancellor said local government will get new grant funding over the next three years of £4.8 billion, the largest increase in core funding for over a decade.
Every Whitehall department will receive a "real terms rise in overall spending" as part of the Spending Review, the Chancellor said, amounting to £150 billion over this Parliament.
The Chancellor said overseas aid would return to 0.7% of national income in 2024-25, before the end of the Parliament.
The Chancellor said he is providing an extra £2.2 billion for courts, prisons and probation services, including £500,000 to reduce the courts backlogs.
Devolved administrations will be given the "largest block grants" since 1998, according to the Chancellor, with an increase to Scottish Government funding in each year rising by an average of £4.6 billion, £2.5 billion for the Welsh Government, and £1.6 billion for the Northern Ireland Executive.
The Chancellor said core science funding will rise to £5.9 billion a year by 2024-25, a cash increase of 37%.
Rishi Sunak, on transport funding, said £2.6 billion is committed via a "long-term pipeline" for more than 50 local road upgrades while more than £5 billion is being committed to local roads maintenance.
The Government will maintain its target to increase research and development (R&D) investment to £22 billion, telling MPs: "But in order to get there, and deliver on our other priorities, we'll reach the target in 2026-27 – spending, by the end of this Parliament, £20 billion a year on R&D. That's a cash increase of 50%. I can confirm for the House that this £20 billion is in addition to the cost of our R&D tax reliefs."
£560m to improve maths skills as part of the new Multiply project
Mr Sunak said the Budget increases total departmental spending over the Parliament by £150 billion.
He said: "That's the largest increase this century, with spending growing by 3.8% a year in real terms. As a result of this Spending Review, and contrary to speculation, there will be a real terms rise in overall spending for every single department."
On resource spending on health care, Mr Sunak said: "Today's Spending Review confirms that by the end of the Parliament, it will increase by £44 billion to over £177 billion.
"And the extra revenue we're now forecast to raise from the Health and Social Care Levy is going direct to the NHS and social care as promised."
Rishi Sunak said new funding to improve lorry park facilities was being announced on Wednesday, adding: "We've already suspended the HGV levy until August and I can do more today – extending it for a further year until 2023, and freezing Vehicle Excise Duty for heavy goods vehicles."
He added the Budget will offer "further support for working families" and the Government's fiscal policy will "keep in mind the need to control inflation".
Mr Sunak said: "I have written to the Governor of the Bank of England today to reaffirm their remit to achieve low and stable inflation."
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