How to do a spending review

Labour’s spending review is expected on the 11^th of June, when we will find out which government departments face cuts and which costs have been ringfenced. This can set the tone for politics for months to come as it gives a clue to which priorities matter most – especially in times of fiscal restraint – and which ministers are up, and which are down. But how is a spending review conducted? How does His Majesty’s Treasury balance the negotiations with those competing for its attention? And, following the leaked Angela Rayner memo, do we know which economic arguments are winning out?

James Nation, formerly an official at HMT and then in Rishi Sunak’s Number 10 – now an MD at Forefront Advisers – joins James Heale to take us through the process, the personalities and the politics behind a spending review. Plus – a year on, was Rishi Sunak proven right?

Produced by Patrick Gibbons.