Average annual real increase in day-to-day spending implied in Labour manifesto, 2024/25–2028/29

Source: Institute for Government analysis of Office for Budget Responsibility, Economic and Fiscal Outlook, March 2024 and Labour general election manifesto 2024Get the dataEmbed Download imageNotes: Assumes NHS spending is sufficient to deliver the workforce plan, school spending is held constant in real per pupil terms and then Labour manifesto school commitments are additional, overseas aid remains at 0.5% of GNI and defence is increased steadily towards 2.5% of GDP. Chart does not show childcare spending, which is assumed to increase by 25% per year in line with the previous government's policy and additional Labour manifesto commitments.