Spending Review 2025

Helen Hayes Excerpts

Wednesday 11th June 2025 Commons Chamber

[Helen Hayes (Dulwich and West Norwood) (Lab)]

I welcome the focus my right hon. Friend the Chancellor has placed on children and young people in this spending review, with additional investment in children’s social care, schools and skills. These announcements show the Government’s commitment to improving the life chances of every child, and my Committee looks forward to scrutinising the detail in the coming weeks. The Chancellor will know that universities are the life force of many local economies, generating jobs, improving skills and boosting life chances, yet a number of our universities are at the brink of insolvency. The sector has been calling for a transformation fund to help universities reform and secure a sustainable future, so can the Chancellor confirm that she will work with Cabinet colleagues to ensure that no town or city has to face the calamity of a university going bust?

[Rachel Reeves]

I thank my hon. Friend, the Chair of the Education Committee, for her question. I appreciate her welcoming the investment in children’s social care, in skills and in schools—issues that she knows and cares passionately about. In the spending review, we were able to set out a total of £86 billion of investment in research and development, much of it spent through our universities and research institutes, but I am certain that the Education Secretary or the relevant Minister will meet my hon. Friend to talk about the wider allocation from this spending review.