Chancellor Rachel Reeves Unveils Multi-Billion Spending Review Across UK

British Finance Minister Rachel Reeves is set to unveil a comprehensive multi-year spending review that allocates over £2 trillion through 2029, focusing on boosting economic growth and infrastructure across the UK. Key investments include £86 billion for research and development in sectors like AI and biotechnology, £14.2 billion for the Sizewell C nuclear plant, and £2.5 billion for small modular reactors, alongside funding for transport, affordable housing, and submarines. The review will also provide at least £445 million to upgrade Welsh rail infrastructure, although some local representatives argue the funding remains insufficient compared to English regions. In Greater Manchester, local leaders are hopeful for government backing on major projects including Old Trafford regeneration, new railway lines, and urban development, with a particular push for improved connectivity following the cancellation of the northern leg of HS2. However, Conservative critics, led by Mel Stride, condemn Reeves' plans as fiscally irresponsible, describing them as a dangerous gamble with Britain's economic stability due to increased spending without a credible funding plan. Reeves' spending review aims to balance manifesto commitments and increased defence spending while adhering to fiscal rules, aiming to create jobs, prosperity, and enhanced public services.