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Home Business Economy

What the Spending Review could mean for Yorkshire

June 21, 2025
in Economy
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James Vincent

Political Editor, BBC News Yorkshire

Getty Images Prime Minister Keir Starmer stands next to Rachel Reeves, who is pointing to something ahead. Starmer is bespectacled and wearing a suit with a poppy attached to his jacket. Reeves is wearing a jacket with what looks like a red shirt underneath.Getty Images

Labour will be hoping the Spending Review generates positive headlines and change

As Chancellor Rachel Reeves prepares to deliver her Spending Review later, BBC Yorkshire’s Political Editor James Vincent examines what impact her big decisions could have on our region.

Trams, nuclear and medical science. We’ve had a lot of government visits up here in the last week or so – and a lot of ministers, smiling, telling us they are spending money up here to improve our lives.

I think most people would be forgiven for casting a slightly cynical glance their way.

We’ve had ministers and prime ministers before in the same places promising the same things.

Labour insist that this time is different.

They need to be right, not just to balance up a North-South divide, but also to convince people here that Labour is still their party.

Getty Images The Dewsbury skyline. Featured are several old mill buildings and the town clock.Getty Images

Sir Keir Starmer has pledged to end the North-South divide and help places like Dewsbury

Getty Images A man in his thirties wearing a blue suit jacket and white shirt. He is stood in a public street and pointing to something.Getty Images

Reform’s Alexander Jones and his party ended up with a majority on Doncaster Council in May

You’re going to hear a lot about the Green Book later on.

The Spending Review is all about the nuts and bolts of what the government wants to spend money on for the next three years.

The Green Book is the name for the government’s list of assessments on whether a new project is going to be worth building.

It basically looks at whether it will be good value by predicting how much money it will bring in versus how much it will cost.

The problem, for many, with the current version of the book is that it looks more favourably on projects in the south than in the north.

More people and more businesses down there means a quicker, bigger return on investment.

But if you want to balance up the north and south a different sort of return is needed.

The chancellor is hoping her rewrite of the book means more projects in the north get past the book and get built.



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Tags: ReviewspendingYorkshire

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