British finance minister Rachel Reeves will reveal her first multi-year spending review on Wednesday, dividing up more than 2 trillion pounds ($2.7 trillion) of public money between her ministerial colleagues and setting their budgets until 2029.
Below is what the government has already announced in the days preceding the announcement:
RESEARCH AND DEVELOPMENT
Reeves will allocate 86 billion pounds to fund research and development.
The package, funding everything from new drug treatments and longer-lasting batteries to artificial intelligence breakthroughs, will be worth more than 22.5 billion pounds a year by 2029/30, driving new jobs and economic growth, the government said.
NUCLEAR POWER
The government will invest a further 14.2 billion pounds to build the Sizewell C nuclear plant in eastern England. The funding takes the total government commitment to 17.8 billion pounds, with 3.6 billion invested before the review.
It also pledged 2.5 billion pounds for a programme to develop a fleet of small modular nuclear plants over the next four years and named Rolls-Royce SMR as its preferred bidder.
Britain says new nuclear projects will replace ageing plants, boost energy security, help it reach climate targets and create new jobs.
TRANSPORT PROJECTS
Reeves has committed 15.6 billion pounds towards transport projects in cities outside London that have long suffered from underinvestment. Most of the investment was earmarked by the previous, Conservative government.
WINTER FUEL PAYMENTS U-TURN
Reeves has reversed her previously-announced cuts to winter fuel payments to pensioners, a move that would restore payments to 9 million pensioners and cost the government 1.25 billion pounds.
SUBMARINES
Britain will invest more than 6 billion pounds in its submarine building capacity, supporting firms such as defence group BAE Systems and engineering multinational Rolls-Royce.
The investment, which will cover the four-year spending review period, will help companies deliver the increase in submarine production rate announced by the government.
