July 21, 2020 / 8:47 AM / 13 days ago

Sunak launches comprehensive review of government spending

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak wearing a face mask visits the Jobcentre Plus to see the new support being provided in job centres by the doubling of work coaches, following the coronavirus disease (COVID-19) outbreak in Barking, east London, Britain July 16, 2020. Anthony Upton/Pool via REUTERS

LONDON (Reuters) - British finance minister Rishi Sunak on Tuesday launched a comprehensive review of government spending for the coming years.

The review will set resource budgets for government departments from the 2021/22 financial year through to 2023/24, as well as for capital spending until 2024/25, the finance ministry said in a statement.

The budgets will grow in real terms over the spending review period, the finance ministry said.

“We will honour the commitments made in the March Budget to rebuild, level up and invest in people and places spreading opportunities more evenly across the nation,” Sunak said.

The finance ministry said the date for the end of the review will be confirmed in due course.

(This story offcially corrects after finance ministry changes reference to above-inflation increase in budget)

Reporting by Andy Bruce; Editing by Alistair Smout

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