Spending review 2025: who are the winners and losers?

Rachel Reeves has announced big boosts to capital spending, but is squeezing the budgets of most government departments. How happy will ministers be?

Spending review: key points at a glance

Politics live: Reeves delivers spending review

For most government departments, the spending review has been a game of two halves. There are huge boosts to capital spending for some – from nuclear to school rebuilding to rail to super computers.

But those projects will take a long time to build before voters can reap the rewards. And on day-to-day spending, there is a major squeeze on most departments.