Statement on 25 November
Sunak to underpin economy with spending plan
Rishi Sunak: ‘providing certainty’
Chancellor Rishi Sunak will announce measures to underpin the economy when he delivers a one-year plan for government spending on 25 November.
Mr Sunak recently abandoned his intention to present an autumn Budget and a three-year spending plans, saying the uncertainties about the coronavirus and its impact on the economy were too great to plan that far ahead.
His statement on 25 November will cover three priorities: ensuring government departments have enough money to tackle the pandemic and support jobs, funding for public services involved in fight the pandemic, and infrastructure investment.
Key programmes such as planned investment in hospital building and high speed rail, are seen as exceptions to the one-year rule and will be given multi-year capital allocations.
“In the current environment it is essential that we provide certainty,” Mr Sunak said in a statement.
“So we’ll be doing that for departments and all of the nations of the United Kingdom by setting budgets for next year, with a total focus on tackling COVID and delivering our Plan for Jobs.”