What to expect in the Spending Review ? 

On 11 June 2025 the Chancellor will deliver the Spending Review.

This year's Spending Review will set out in detail three years of plans for department-level day-to-day spending (covering 2026–27, 2027–28 and 2028–29) and four years of plans for investment spending (extending to 2029–30).

The Spending Review is made against a backdrop of political ambitions coming out of last year's general election and highly constrained public finances within the context of a complex international economic landscape.

There are high hopes that the Spending Review will deliver a step change for infrastructure with a fresh approach to the funding and delivery of major infrastructure projects. This is expected to include the publication of a ten-year Investment Strategy.

For housing, the Government has committed to build 1.5 million homes this Parliament, to reverse the decline in the amount of social rented housing and to bolster home ownership. The Spending Review will shed light on the priorities for housing and specific housing objectives as well as the Government's wider infrastructure and growth ambitions. 

Areas to look out for include:

Read more in the HFI Pre Spending Review briefing - download here: HFI Pre-Spending Review Briefing 2025