Chancellor Rishi Sunak has outlined the government's spending plans for the next financial year, focusing on the response to COVID-19, jobs, public services and infrastructure.
He warned that the UK's 'economic emergency has only just begun' in the wake of the pandemic, and projected that unemployment could surge to 2.6 million by the middle of next year.
Here, Which? takes a look at the key announcements from today's Spending Review.
The Chancellor Rishi Sunak has announced the government's spending plans for the next financial year, which starts in April 2021.
Spending Reviews usually cover a three or four-year period to allow the government to make long-term plans, but the COVID-19 outbreak means this year's announcement only covers April 2021 to April 2022.
In today's speech, Mr Sunak outlined a series of key areas that the government will focus on, including the ongoing response to COVID-19, protecting jobs, housing and infrastructure and public services.
He said the government has so far spent £280bn in 2020 to help the country through the pandemic, and a further £55bn will be invested in 2021, including £2.6bn to the devolved administrations.
He said investment will be targeted at enhancing testing capacity, purchasing vaccines, increasing the supply of key medicines and purchasing and distributing personal protective equipment (PPE).
The Chancellor said one of the government's biggest priorities is to help lower-paid workers in the public sector, who have been disproportionately affected by the pandemic.
The main announcements around pay and job protections were as follows:
Mr Sunak says strengthening public services by providing new hospitals, better schools and safer streets is one of the government's biggest priorities.
Mr Sunak said £100bn in capital spending will be put towards infrastructure projects, marking a 'once in generation' investment.