Daily Mail

2020 SPENDING REVIEW AT A GLANCE

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ECONOMY

■ Rishi Sunak warned of an 'economic emergency' after the pandemic has passed

■ Economy projected to shrink by 11.3 per cent this year - the largest fall for three centuries

■ Three lost years of growth: The economy will not return to its pre-crisis level until the end of 2022

■ Unemployme­nt set to reach 7.5 per cent next spring, with 2.6million out of work

■ Borrowing to hit £394billion this year - the highest in peacetime

■ Economy will be 3 per cent smaller by 2025 than it would have been

■ House prices will be 17 per cent lower by 2025 than they would have been

PUBLIC SECTOR PAY

■ 1.3million public sector workers will see pay frozen in 2021/22

■ But more than 2million earning less than £24,000 will get a minimum £250 increase

■ More than 1million doctors, nurses and other NHS workers will also get a pay rise

AIDAND PUBLIC SPENDING

■ Overseas aid budget to be cut from 0.7 per cent to 0.5 per cent of national income - a fall of around £4billion

■ But we could revert to 0.7 per cent target in 2022/23

■ Large increase in defence funding

■ £4.6billio on scheme to get young and long-term unemploye ed in work

■ White hall spending will rise by £14 4billion to £540bill lion, with cash for schools and NHS

INFRASTRUC­TURE

■ £100billion to be spent next year, up £27billion from this year

■ Cash for road and rail improvemen­ts, eco-buses, broadband and mobile coverage ■ £4billion levelling-up pot for towns in the North

■ UK infrastruc­ture bank to be establishe­d in the North

TAX AND BREXIT

■ Town halls given power to put up council tax by 5 per cent to fund social care plus £15 for police - a potential £106 increase for Band D households

■ No deal Brexit would hit GDP by 2 pper cent and cause a 5 per cent fall in the value ofa and f the the pound lo oss of 300,000 3 jobs

■ RPI to be scrapped as a measure of inflation byy 2030 in a boost ffor savers

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