{"id":83053,"date":"2025-06-12T07:35:06","date_gmt":"2025-06-12T06:35:06","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=83053"},"modified":"2025-06-12T08:28:01","modified_gmt":"2025-06-12T07:28:01","slug":"the-soending-review-a-non-event-that-wont-meet-any-expectation","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/06\/12\/the-soending-review-a-non-event-that-wont-meet-any-expectation\/","title":{"rendered":"The Spending Review: a non-event that won’t meet any expectation"},"content":{"rendered":"

The Spending Review dominated my day yesterday<\/a>, and I went out for a long walk last night to forget all about it.<\/p>\n

Most of the country will want to do the same. As the FT notes, in current spending terms, the NHS was the big winner:\"\"<\/p>\n

There are notable losers. Overall, there is a spending increase, but nothing changes the overall relationship between the government and the economy. And note that the 3% increase in NHS spending is less than the 3.6% long-term trend required to meet increased demand for more expensive services that healthcare can deliver, and which people expect. There will be no win for Labour as a result.<\/p>\n

On investment, defence got the money, and it has the worst multiplier effects:<\/p>\n

\"\"<\/p>\n

And then note this. The aim is to increase UK defence spending to 2.6% of GDP (in itself, a meaningless ratio as it in no way indicates defence adequacy):<\/p>\n

\"\"<\/p>\n

That is a long way from what is being demanded by NATO and the USA. Again, no one is going to be happy with Labour, but then, no one ever is these days.<\/p>\n

My suspicion is that this plan will now be filed and then quietly forgotten as events overtake it.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Spending Review dominated my day yesterday, and I went out for a long walk last night to forget all about it. Most of the
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