This is the first multi-year spending review since 2021 and will set the day-to-day budgets of government departments over the next three years.

In transport, the £3 bus fare cap will be extended until at least March 2027. There is also £15.6 bn for transport projects in English city regions outside London. Reeves also announced that the the Liverpool-Manchester “Northern Powerhouse Rail” scheme will go ahead.

Reeves announced R&D funding of £22bn per year by the end of the Spending Review period.

She also announced £2bn for the government's AI Action Plan.

It was also revealed that the NHS technology budget will increase by almost 50 per cent with £10bn of investment to "bring our analogue health system into the digital age.”