UK government department budgets to rise by 2.3% a year, Reeves says
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
UK government budgets will rise by 2.3% annually, as stated by finance minister Rachel Reeves, affecting over £2 trillion in public spending.
LONDON (Reuters) -British finance minister Rachel Reeves said the government's departmental budgets will grow by 2.3% a year in real terms, as she laid out her plans to divide up more than 2 trillion pounds ($2.7 trillion) of public spending.
(Reporting by David Milliken and UK bureau, writing by Sarah Young, editing by Paul Sandle)
The UK government's departmental budgets will grow by 2.3% a year in real terms.
The announcement was made by British finance minister Rachel Reeves.
The UK government's departmental budgets exceed 2 trillion.
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