Additional £1.6bn A Year Announced By Rishi Sunak

Northern Ireland is set to receive an additional £1.6 billion a year with the announced of the new Budget and Spending Review by Chancellor Rishi Sunak.

Announcing his Budget, Mr Sunak said that this is "the largest block grants for the devolved administrations since the devolution settlements of 1998".
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According to reports, this represents an average increase of 2.1% in day-to-day spending, each year up to 2025.

The Executive and the Department for Finance have said that they are "assessing" the Chancellor's announcement.

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