UEA expert: spending review benefits will take 'a while' to appear
Yesterday- Rachel Reeves announced that £14.2 billion is going to be invested in the Sizewell C a nuclear power project in Suffolk
A politics expert from a University in Norfolk says it'll take a while before we see the benefits of new Government investment plans.
We'll be hearing later today what each Government department will have to spend over next few years- from the Chancellor.
Yesterday- Rachel Reeves announced that £14.2 billion is going to be invested in the Sizewell C a nuclear power project on the east Suffolk coast.
"It will be interesting to see if that's a long-term investment"
Professor Alan Finlayson is from the University of East Anglia:
"Rachel Reeves has set out a 'fiscal rule', which is a limit on Government borrowing and a commitment to have enough fiscal headroom or surplus.
"She has set that rule to give herself more credibility with investors. But on the other hand, she has to deal with people more broadly who might want more winter fuel payments and the two-child benefit cap lifted.
"The Government is committing to increasing defence spending over the next three years and beyond that.
"When it comes to other spending we're not so sure.
"We know that they are going to put more money into transport links, but that's investment money and that's not going to come out of day-to-day spending.
He told us what to watch out for:
"How much is going on the health service, we know it needs money and that medics are demanding pay increases.
"We also know that there's a commitment to spend money on increasing the number of free-school meals.
"It will be interesting to see if that's a long-term investment or if that will come out of day to day spending" .