Chancellor Rachel Reeves said the extra cash for England’s health service would create ‘an NHS fit for the future’.

News Corp Europe Correspondent Sophie Elsworth discusses UK Chancellor of the Exchequer Rachel Reeves' plan to abolish the “eyewatering” costly use of asylum seeker hotels by 2029.

Chancellor Rachel Reeves announced plans in the spending review to provide an extra “£29bn per year” for the health service

As part of her spending review, chancellor Rachel Reeves will set out plans to almost double annual investment in affordable homes to £4 billion by 2029/30, compared to £2.3 billion a year between 2021 and 2026.

Britain’s Labour government sought to regain the political initiative as Treasury chief Rachel Reeves set out her spending plans for the coming years, including big increases for health, defense and housing.

Chancellor of the Exchequer Rachel Reeves on Wednesday outlined the main areas of budget spending through 2029. Investments totaling £110 billion will fund a new nuclear power plant and upgrades to rail links.

Rachel Reeves will need to wield the axe and make nearly £5bn worth of cuts to balance the books in the wake of Labour’s spending review, new analysis has revealed. It comes as the chancellor will vow to “invest in Britain’s renewal” as she announces funding until the next election in 2029 after a bitter cabinet civil war over what was being dubbed “austerity 2.

Rachel Reeves refuses to rule out Autumn Budget tax rises as economy shrinks 0.3% in April - Latest GDP estimate worse than the 0.1% fall expected by economists

Jeremy Clarkson has spoken out after the Chancellor of the Exchequer Rachel Reeves made a surprise appearance in the finale of Clarkson's Farm

The review sets the day-to-day budgets of government departments over the next three years, used to pay staff and deliver public services. It also sets their investment budgets until the end of the decade, to pay for new infrastructure such as hospitals, schools, and military kit.

The chancellor will confirm the budgets for each government department, as well as where she will invest billions in capital. But the Tories say this will be "a dangerous economic gamble that risks the country's financial future".