GOV.UK Lorem

If unexpected changes in the economy require it, then I will, of course, announce actions at the Spring Statement, but I won’t make significant changes twice a year just for the sake of it.

And the key judgement we make today is that our hard-won credibility on public spending means we can fund this commitment, in the short-term, from additional borrowing.

So departmental spending plans set out in the Spending Review last autumn will remain in place, and departmental expenditure in 21-22 will grow in line with inflation.

An important part of our responsibilities as the Security Council in delivering Sustainable Development Goal 16 is having a broad enough definition of the threats to international peace and security, not to encroach on the responsibilities of other parts of the UN system, but to join up with them.

So we will invest over £1 billion in our digital infrastructure to catalyse private investment in fibre networks and to support 5G trials.