HIGHLIGHTS
- No tax announcements, which will have to await the Autumn Budget.
- Capital spending to increase by £113 billion through to 2029/30.
- Overall day-to-day spending to rise by 1.2% a year in real terms over next three years.
- The NHS is a major winner, with a real day-to-day spending rise of 3%.
- Overall investment spending on defence up by 7.3% a year in real terms.
- By April 2027, defence spending (including intelligence) will stand at 2.6% of GDP.
- Long term investment funding commitments across transport infrastructure, social housing and prison places.
- The Home Office and Foreign, Commonwealth and Development Office are the major losers.