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    Home > Headlines > UK government department budgets to rise by 2.3% a year, Reeves says
    Headlines

    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 read

    Last updated: January 23, 2026

    UK government department budgets to rise by 2.3% a year, Reeves says - Headlines news and analysis from Global Banking & Finance Review
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    Tags:GDPUK economyGovernment fundingpublic policyfinancial management

    Quick Summary

    UK government budgets will rise by 2.3% annually, as stated by finance minister Rachel Reeves, affecting over £2 trillion in public spending.

    UK Government Department Budgets to Increase by 2.3% Annually

    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)

    Key Takeaways

    • •UK government budgets to increase by 2.3% annually.
    • •Finance minister Rachel Reeves announced the budget growth.
    • •Over £2 trillion in public spending to be divided.
    • •Budget growth is in real terms.
    • •Announcement impacts departmental budgets.

    Frequently Asked Questions about UK government department budgets to rise by 2.3% a year, Reeves says

    1What is the annual growth rate for UK government departmental budgets?

    The UK government's departmental budgets will grow by 2.3% a year in real terms.

    2Who announced the budget increase for UK departments?

    The announcement was made by British finance minister Rachel Reeves.

    3What is the total amount of the UK government's departmental budgets?

    The UK government's departmental budgets exceed 2 trillion.

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