High Peak MP welcomes Comprehensive Spending Review

Jon Pearce has welcomed the Comprehensive Spending Review saying it will put more money in the back pockets of High Peak residents. 

The review was delivered by the Chancellor of the Exchequer, Rachel Reeves on Wednesday 11th June 2025.

Speaking about the review, Jon Pearce MP said: “In yesterday’s spending review, the Government showed that we are serious about investing in Britain’s renewal. That we’re serious about safeguarding the security, the health and the economy, so families across High Peak are better off. 

The decisions made in the spending review have only been possible because of the difficult choices we made in the Autumn Budget.  

That Budget fixed the foundations; now we’re investing in Britain’s renewal. 

We’re seeing record levels of cash invested in our National Health Service, delivering more appointments and providing High Peak residents with more efficient, productive and high-quality care. 

More money will be in people’s pockets by delivering on the commitment to upgrade millions of homes through the Warm Homes Plan and by investing in renewable energy projects all across Britain, bringing bill bills down. 

The Government is investing in future generations by providing record investment into training and apprenticeships, delivering transformative nurseries funding and putting money in to fix our crumbling classrooms.  

And finally the potential of the North will be unlocked by delivering on the ambitious plans for Northern Powerhouse Rail and £2 billion will be invested in the East Midlands for road, rail and bus improvements across our region. 

When the Conservatives and Reform would gamble with Britain’s future, it is the Labour Government that’s protecting and investing in it.” 

Whilst delivering the Comprehensive Spending Review (CSR) in the House of Commons Rachel Reeves MP, Chancellor of the Exchequer, said: “We are renewing Britain, but I know that too many people in too many parts of our country are yet to feel it. This Government’s task, my task as Chancellor, and the purpose of this spending review is to change that - to ensure that renewal is felt in people’s everyday lives, in their jobs, and on their high streets.  

The priorities of this spending review are the priorities of working people: to invest in Britain’s security and Britain’s health and to grow Britain’s economy so that working people are better off.” 

Additional information on measures contained within the CSR:

Security:

• £11bn real-terms increase in defence spending and a £600m uplift for our security and intelligence agencies. 

• Defence spending will now rise to 2.6% of GDP by April 2027. 

• Funding for Border Security Command will rise by an additional £280m per year by the end of spending review period. 

Economy:

• £39 billion over the next decade in a new Affordable House Plan - the biggest cash injection into social and affordable housing in a generation. 

• R&D funding rising to a record high of over £22 billion per year by the end of the spending review period. Along with £2 billion to back this government’s AI Action Plan. 

• £30bn in the biggest rollout of nuclear power for half a century; including £14.2bn for Sizewell C, supporting more than 10,000 jobs. 

• Investing to save jobs – including British Steel – and to create new, high skilled jobs in energy, infrastructure and artificial intelligence. 

Education:

• Record investment into training and upskilling our young people with £1.2bn a year by the end of the spending review to support over a million young people into training and apprenticeships. 

• Almost £370m for school-based nurseries £555 million of transformation funding for children’s social care; investment rising to nearly £2.3bn per year to fix our crumbling classrooms. 

• £2.4bn per year to continue our programme to rebuild 500 schools. 

Transport:

• Extending the £3 bus fare cap until at least March 2027 – keeping the cost of travel down. 

• Last week the Government announced £15.6bn of investment in transport to connect our cities and towns. For other regions, for other regions, the Government is providing for a fourfold increase in Local Transport Grants by the end of the Parliament. 

• £2 billion will be invested in the East Midlands for road, rail and bus improvements across our region 

Health: 

• A record cash investment in the NHS: increasing real terms, day to day spending by 3% per year for every year of the spending review period. 

• An extra £29bn per year for the day to day running of the NHS; and an extra £4bn of annual capital investment by the end of the spending review 

• The Government is increasing the NHS technology budget by 50%; providing additional funding to train thousands more GPs; and providing mental health support teams to all schools in England.