The newly elected UK government announced that it would undertake a fast-track spending review in September for the coming year. The government would be holding a spending review to prepare a budget to be allocated to all its departments to fulfil its commitments, especially on increasing police force, education and public health facilities.
The British Chancellor Sajid Javid told reporters, “The prime minister and I have asked for a fast-tracked spending round for September to set departmental budgets for next year. This will clear the ground ahead of Brexit while delivering on people’s priorities.”
He added, “We will get Brexit done by 31 October and put our country on the road to a brighter future.”
Boris Johnson, who became the country’s head on July 24, has been criticised by several lawmakers for spending liberally in the hour of economic slump, just to lure people with Brexit benefits, and prepare a solid ground for election. Last week Johnson government announced that it would be injecting funds worth £1.8 billion ($2.2 billion) to upgrade the country’s National Health Services.
Boris had earlier pledged to increase the numbers of police officials by 20,000, appoint more doctors, nurses and improve the condition of hospital buildings, put more funds in education sector, develop a high-speed rail link between Manchester and Leeds, and increase the country’s defence expenditure.
The UK government also declared that a three-year review, which has been pending would now happen next year.
In a recent interview, Javid told the BBC: “One of things I’ve done is I want to make sure all departments, including my own, are very focused on our priority which is to make sure we leave the European Union on October 31st.
“That’s why I’m having a one-year spending round so we can just get focused on our priority.
“But I’m confident that in that spending round that we’ll be able to meet all our priorities and that certainly means increased focus on the NHS, on police and on schools.”
The total budget to be allocated to different departments is said to be about £892bn. The Office for Budget Responsibility, the government’s independent economic forecaster, has echoed similar warning as political analyst, adding that no-deal would damage UK economy, shooting up its public finances. It said that UK economy would need funds to recover from financial slump, hence it needs to put in finances wisely. The OBR also predicted that exiting the EU without a deal would bring in recession forces, reducing the economy by 2% and pushing unemployment over 5%.
The government has prepared the budget plan with the assumption that Brexit would happen along with a Withdrawal Agreement while according to political analyst the chances of ‘no-deal’ appear to be more.