The Chancellor of the Exchequer, George Osborne, made a statement in the House of Commons on the Spending Review on Wednesday 26 June 2013
Shadow Chancellor of the Exchequer, Ed Balls, responded to the statement on behalf of the Opposition.
The Spending Review will set out how the Government will spend £740 billion pounds of tax-payers' money between April 2015 and April 2016.
What is the Spending Review?
Since 1998 the Government has set out its plans for departmental spending in a Spending Review. Comprehensive Spending Reviews set firm and fixed expenditure limits for Government Departments for a specific time period. Government departments use the money allocated to them to spend on public services. Spending Reviews have taken place in 1998, 2000, 2002, 2004, 2007 and 2010.
House of Commons Library Research Briefing
The House of Commons Library provides research, analysis and information services to MPs and their staff.
The Library has produced a Standard Note providing background information on the 2013 Spending Review.
Oral statements are made after Question Time (or at 11am on a Friday) and after any Urgent Questions.
Statements normally relate to matters of policy or Government actions. At the end of a statement, MPs can respond or question the Government Minister on its contents.
Watching proceedings from the public gallery
UK residents and overseas visitors can watch proceedings in the House of Commons by visiting the public gallery.