Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the policy paper entitled Plan for Change, published on 5 December 2024, CP1210, if she will make it her policy to publish an annual spending review for the milestones set out in the Plan for Change showing how much funding has been (a) allocated, (b) spent and (c) reallocated for each of the five milestones.

The Prime Minister’s Plan for Change sets out the government’s agenda and priorities for the remainder of this Parliament, to strengthen our country through a decade of national renewal. The Spending Review will deliver on this agenda.

Phase 1 of the Spending Review was published alongside Autumn Budget 2024, resetting budgets for 2024-25 and setting departmental budgets for 2025-26. Phase 2 of the Spending Review will conclude later this year and the milestones announced in the PfC will be the core priorities. Phase 2 will allocate departmental budgets between 2026-27 and 2028-29, with an additional year (2029-30) for capital spending.

The government has committed to regular Spending Reviews, allocating all departmental spending, every two years to provide a more stable and transparent spending framework.