As highlighted in various analyses, including by the IFS, the plans inherited by the new UK government imply cuts to many areas of spending for 2025-26 onward if pledges on health, defence, overseas aid and childcare are to be met (https://ifs.org.uk/sites/default/files/2024- 06/Public%20services%20in%20the%20next%20Parliament%201.pdf) The new Chancellor is likely to change these inherited plans, with history suggesting plans are more likely to be topped up rather than reduced.