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Evening Standard
Evening Standard
Politics
Jonathan Prynn

This Spending Review treats London as a one-way cash cow — again

The Chancellor took us on a breezy whistle-stop tour of the entire United Kingdom in her spending review statement to Parliament. Few corners of the realm were ignored as Rachel Reeves name-checked the towns and cities that will benefit from her defence, health and infrastructure spending largesse over the coming years.

Lincoln, Portsmouth, Rosyth, Glasgow, Stevenage, Barrow, Derby, Blackpool and Sheffield all got a shout out as she ran MPs through some of the greatest hits of her £1.4 trillion annual sending plans. But, as has become the pattern over recent chancellor statements, there was scant mention of London, the metropolis of nine million people and economic superpower that generates much of the tax revenues she will be busily handing out over the next four years of the Parliament.

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