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UK government department budgets to rise by 2.3% a year, Reeves says

Published by Global Banking & Finance Review

Posted on June 11, 2025

1 min read

· Last updated: January 23, 2026

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UK government department budgets to rise by 2.3% a year, Reeves says
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LONDON (Reuters) -British finance minister Rachel Reeves said the government's departmental budgets will grow by 2.3% a year in real terms, as she laid out her plans to divide up more than 2 trillion

UK Government Department Budgets to Increase by 2.3% Annually

LONDON (Reuters) -British finance minister Rachel Reeves said the government's departmental budgets will grow by 2.3% a year in real terms, as she laid out her plans to divide up more than 2 trillion pounds ($2.7 trillion) of public spending.

(Reporting by David Milliken and UK bureau, writing by Sarah Young, editing by Paul Sandle)

Key Takeaways

  • UK government budgets to increase by 2.3% annually.
  • Finance minister Rachel Reeves announced the budget growth.
  • Over £2 trillion in public spending to be divided.
  • Budget growth is in real terms.
  • Announcement impacts departmental budgets.

Frequently Asked Questions

What is the annual growth rate for UK government departmental budgets?
The UK government's departmental budgets will grow by 2.3% a year in real terms.
Who announced the budget increase for UK departments?
The announcement was made by British finance minister Rachel Reeves.
What is the total amount of the UK government's departmental budgets?
The UK government's departmental budgets exceed 2 trillion.

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