Given the challenging global economy, strengthening domestic U.K. growth drivers becomes even more challenging.

All the talk of departmental budgets and fiscal rules may feel somewhat distant from the cost of groceries and the rest of the family finances.The Spending Review is not a Budget in which taxes are changed or a host of new policies announced.

The spending review sets out how government budgets will grow by an overall average of 2.3% per year across the period 2023/24 to 2028/29 – but this figure masks some sharp differences between departments.