Sam Hancock
Live editor

As mentioned in our last post, ministers are gathering for a special cabinet meeting ahead of the Spending Review. Here's what else is on today's jam-packed agenda.

PMQs in the Commons: It's business as usual for Keir Starmer, who'll be in the House of Commons for Prime Minister's Questions (PMQs) at midday, where he'll take questions from Tory leader Kemi Badenoch.

Straight after, the Spending Review: The chancellor will then take over from Starmer at the dispatch box, delivering her long-awaited review, setting out the government's spending plans for the next few years.

Questions from the opposition: Shadow chancellor Mel Stride will then get the chance to grill Reeves on her choices, followed by cross-party MPs.

Analysis and reaction from politicians, economists and our correspondents will follow - all of which we'll bring you right here on this page.

You'll also be able to watch PMQs and the Spending Review statement live at the top of the page, when the time comes.

We're beginning to see images of government ministers arriving at 10 Downing Street for a cabinet meeting.

The cabinet typically gathers on a Tuesday morning, but there's been a change to the weekly schedule ahead of the Spending Review announcement later.

It was confirmed on Monday that Chancellor Rachel Reeves had negotiated her final departmental budget, with Home Secretary Yvette Cooper the last to fix a deal. Housing Secretary Angela Rayner reached a deal with Reeves and the Treasury the night before.

Rayner's among the people we've seen - so far - this morning.

Image source, Reuters

Image source, EPA

Image source, EPA

In the lead up to today's Spending Review - due at 12:30 BST - there've been a slew of announcements about the money some departments are getting. Here's a quick round-up, so you know what's what:

Winter fuel: Following widespread criticism, the government has partially reversed cuts to winter fuel payments, at a cost of around £1.2bn. More than three-quarters of pensioners will now get the payment.

Defence: Spending will rise from 2.3% of GDP to 2.5% by 2027-8, being paid in part by cutting the overseas aid budget. There's also a pledge to increase this further, to 3%, but the government is yet to give a precise date for when that may happen.

Schools: From next September, free school meals will be expanded to 500,000 children whose parents are receiving Universal Credit, regardless of their income.

Nuclear power: It was announced just yesterday that the government will invest £14.2bn in building the Sizewell C nuclear power station, in Suffolk, to fuel UK homes. It will also fund smaller modular reactors.

Transport: Some £15.6bn is being invested in the extension of trams, trains and buses in Greater Manchester, the Midlands and Tyne-and-Wear.

Science: And finally, we know that the science and technology sector will receive £86bn to fund research into areas such as drug treatments and longer-lasting batteries.

Image source, Getty Images

More now from Paul Johnson, the director of the Institute for Fiscal Studies.

While speaking to Radio 4's Today programme, he's asked about the U-turn on the cuts to the winter fuel payment.

He says the savings from the original decision to shrink eligibility for the payment were "so minimal, it was barely worth the trouble".

But how might the reversal - which means 75% of pensioners can access the allowance this winter - be paid for?

He says the amount of money needed is "absolutely tiny" and can be raised from "the corners of the [autumn] Budget".

Back over to Radio 4's Today programme to hear from Paul Johnson, director of the Institute for Fiscal Studies (IFS) - an economic research group.

He says today's Spending Review will include a "big increases" in capital investment - including funding for infrastructure, or building new schools, hospitals and roads.

But cuts are also inbound, he says, "given the largesse" in spending in these areas.

Looking ahead to the autumn Budget, the concern, he says, is that if the economic forecast "moves at all in the wrong direction, we will need more tax rises".

• Remember: Today's announcement is a Spending Review - not a Budget - so no tax rises will be announced. Our deputy economics editor Dharshini David explains that, and more, in our earlier post.

The NHS is expecting a big cheque - but questions remain over social carepublished at 08:31 British Summer Time 11 June

08:31 BST 11 June

Nick Triggle
Health correspondent

Image source, Getty Images

While the NHS is expected to get more money in the spending review, the big unanswered question for the health service will be what happens to social care in England.

That is because the two services are inter-linked. Hospitals need care services in place to help speed up the discharge of patients from hospital and to keep them living independently in the community so they do not need to be admitted in the first place.

Some of the funding allocated to the Department of Health and Social Care (DHSC) is funnelled into social care, but most of the money comes from council budgets and they are likely to be squeezed.

In the long-term, the government has promised a reform of social care in the form of a new national care service. But that is going to take some time - a commission has been set up, but its final report is not due until 2028.

In the meantime, the fear is that services will be left to limp on - and that causes a problem for the NHS even with the extra money expected.

Image source, Getty Images

Following the news that the government intends to allocate billions of pounds to social housing, we're hearing from the chief executive of the National Housing Federation - a trade association.

Kate Henderson tells our colleagues on the Today programme that the £39bn investment is "transformative".

It shows the government understands the importance of affordable homes, which is not just about having somewhere to live, but can also lower the welfare bill, boost the economy, and create jobs, she says.

While Henderson calls the policy "hugely positive to see" in the long term, she admits that in the short term things are still "really tough".

She says we are now facing a "record level of overcrowding" and a huge number of people on waiting lists for affordable housing. Things won't be fixed overnight, Henderson says, but she believes the policy should "give hope" to address the housing crisis.

• For context: In our last post, the BBC's Henry Zeffman explains the balancing act Rachel Reeves will have to play today, as she announces spending plans for the short-term - where things are going to be tougher - and the medium and long term where things will be more positive.

The government's spending plans will be unveiled after months of intense negotiationspublished at 07:20 British Summer Time 11 June

07:20 BST 11 June

Henry Zeffman
Chief political correspondent, outside 11 Downing Street

This is a day of massive significance for all of us, because this is when the chancellor will unveil her plans for government spending right up until 2029.

And when Rachel Reeves does so, she'll be trying to carry off quite a delicate balancing act because she'll be operating on two different time frames.

In the medium and long term, she's going to be very positive and will talk about tens of billions of pounds of investment in lots of different projects. Just this morning, we're learning that includes a £39bn investment in social housing over the next 10 years.

Over the much shorter time frame, things are going to be tougher. Government spending is going to go up in real terms - that means above inflation - for each year that we're talking about here.

But the bulk of that is going to be swallowed by health spending and defence spending. And that means in lots of other areas of spending, things are going to be quite tight.

That's why there's been such intense haggling between the chancellor and all of her cabinet colleagues over the last few months. It's the results of those negotiations that we're going to see today.

Dharshini David
Deputy economics editor

As mentioned in our last post, this is not a Budget - any tax changes will be announced in the autumn.

Instead, the focus today is on spending taxpayers' money.

We’ve already had a taste of that this week, when the chancellor unveiled the government’s U-turn on winter fuel payments - but we’ll have to wait until the Budget to discover how that’s being funded.

Instead, today's announcement will underline the government’s departmental priorities and shape their agenda for the rest of this parliament.

We also know that, as waiting lists for hospital appointments remain high and court backlogs persist, surveys suggest that dissatisfaction with public services has risen - despite more money going into the state.

Our colleagues over on Radio 4's Today programme have been chatting to the CEO of Sage - a multinational software company based in the UK - ahead of the delivery of the Spending Review.

What Steve Hare is looking out for today is "certainty" for its customers, which include small to mid-sized businesses.

This includes "confidence there aren't any more tax rises coming", which he says will allow businesses to invest and "drive their own growth".

While no tax changes will be announced in today's review - that's something for the Budget in autumn - Hare says the review will give businesses "confidence on whether the numbers add up".

Otherwise, he wants to see the government "leading from the front" on digital technology and artificial intelligence.

Sean Farrington
Presenter, Today and Wake up to Money

They want to be able to get on with things, so the focus on infrastructure investment is welcomed.

Whether it’s a small greeting cards business happy about increased opportunities, or better jobs for young workers in the nuclear industry, or an investor in York who dreams about the day transport improvements make it easier to get to Manchester than it is to London.

But pub and restaurant owners wonder what, in all this, is in it for them - as headline-grabbing multi-billion pound announcements focus on long term projects.

And for many bosses, including one precision manufacturer, their mind is looking past this week and skipping to the Autumn budget.

Will the spending be paid for by more taxes on business? They can’t quite get on with things as much as they’d like, just yet.

Dearbail Jordan
Senior business and economics reporter

Government borrowing – which is the difference between how much it spends and how much it raises from taxes – grew to £20.2bn in April.

That was £1bn higher than the same month in 2024, and more than some economists expected.

Although tax revenue increased in April, notably as a result of the increase in the amount of National Insurance Contributions (NICs) paid by employers, so did spending.

This was largely because of increases in pensions and other benefits and other pay rises as well as higher borrowing costs.

Meanwhile, the financial buffer that allows Reeves to meet the government's two self-imposed fiscal rules is very slim.

Dharshini David
Deputy economics editor

This isn’t the first spending review from this government - one took place at the same time as the autumn Budget, which detailed spending plans until March 2026, funded mainly through tax rises.

It saw big rises for priority areas such as health, where spending is set to top £200bn next year, as well as money for public investment.

Today we’ll learn detailed plans for after 2026.

Growth in health spending may be maintained at the same rate - but with pay rises for NHS staff to fund, questions are already being asked about how rapidly services may improve.

Schools and defence too are likely to see their budgets boosted.

But the amount the chancellor has to allocate is constrained by her own rules on the public finances - meaning other departments, such as higher education and justice, may struggle in the later years of this parliament to see their budgets keep up with inflation and population growth.

And there are areas which have already had to deal with many years of tight finances. So there will be winners and losers.

Image source, PA Media

We still don't yet know the full details of what will be in today's Spending Review, but several plans have already been announced.

The most recent, which came last night, is a £39bn investment in affordable and social housing.

A government source says this investment will help ministers hit their target of building 1.5 million new homes by 2030.

Homelessness charity Crisis describes the pledge as a "determined political signal that housing really matters".

But ahead of the Spending Review, Shadow Chancellor Mel Stride criticised the government for "spending money it doesn't have".

The chancellor's Spending Review, and a pledge to invest £39bn in affordable housing, features on many front pages.

The Daily Mirror says Rachel Reeves wants "hundreds of thousands" of new homes to be built to "turn the tide" on the housing crisis. The i newspaper says the pledge is being seen as a "win" for Housing Secretary and Deputy PM Angela Rayner.

The Times believes the NHS will be in line for a £30bn boost in the review, but says the health service will still not come close to hitting Sir Keir Starmer's waiting list target.

The Daily Mail says figures showing a fall in the number of job vacancies have made a "mockery" of the chancellor's claims to have fixed the foundations of the economy.

Read the full paper review here.

Emily Atkinson
Live editor

Today, Chancellor Rachel Reeves delivers her Spending Review - which outlines how much taxpayer money government departments and public services will have to spend over the next few years.

We already have an idea of who the winners and losers might be.

There are suggestions of an extra £30bn for the NHS, and it's been confirmed that defence spending would rise to 2.5% of national income by 2027.

According to some reports, other areas - including policing and farming - are preparing for a further squeeze, however.

Today's review is not a Budget, so don’t expect announcements on tax changes. But we will get an idea of how much government has to spend.

Reeves is due in the House of Commons at 12:30 BST, just after the weekly session of Prime Minister's Questions.

In the lead up, we'll walk you through how today will work, and what the review means for you and your money.

A busy day - and it’s just getting started.