Part 3/10:
Sam Coates explains that the spending review is a vital process where every government department will have to justify their expenditures down to individual projects. This meticulous examination allows the Treasury to maintain strict control over public spending, which is viewed as unparalleled among Western nations. Rachel Reeves, the Chancellor, has already indicated the need to cut spending efficiently, ordering departments to find a 5% efficiency savings—a tough ask that can have serious implications for public services.