Chancellor Rachel Reeves has indicated through the Treasury that Scotland's block grant funding will increase by an average of 2.9 billion annually, reaching 52 billion by 2029. This marks the most significant real terms financial settlement for Scotland since devolution. Despite this, Scottish Finance Secretary Shona Robison argues that the increase falls short, claiming Scotland deserves an additional 1.1 billion for essential services. The spending review also earmarks funding for various projects such as carbon capture initiatives and nuclear facilities, alongside increased resources for the NHS and housing across the UK.
"Today's settlement for Scotland is particularly disappointing, with real terms growth of 0.8% a year for our overall block grant, which is lower than the average for UK departments."
"The Chancellor's spending review confirmed funding for a number of specific projects in Scotland, some of which had been trailed ahead of her speech."
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