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17 March 1998

MORE MONEY FOR HEALTH, EDUCATION AND TRANSPORT

The Chancellor today announced increased investment in key priorities next year. An extra 500 million pounds for health and 250 million pounds for education is to be made available. There will also be measures on transport and regeneration.

As a result of prudent management over the past year, the Government is now able to allocate additional funds for investment in key priorities.

Gordon Brown said: "Our top priorities are health and education. Today I can announce that our prudent management over the last year means that, by carrying forward savings achieved in 1997/98, we can invest extra money in these priorities next year: - 500 million pounds for the health service; - 250 million pounds for investment in schools and to tackle skill shortages.

This builds on the additional 2.3 billion pounds on schools and 1.5 billion pounds on hospitals allocated last year.I have also decided to reallocate additional investment in specific transport and regeneration measures:
- 500 million pounds for transport over the next two years, including help for rural areas;
- 15 million pounds for the New Deal for Communities."

The results of the Comprehensive Spending Review, to be announced in the summer, will build further on these solid foundations, by directing spending to meet the Government's priorities for the remainder of this Parliament and beyond

NOTES FOR EDITORS 1.The Deputy Prime Minister, the Secretary of State for Education and Employment, and the Secretary of State for Health will announce further details later in the week. 2.The Comprehensive Spending Review (CSR) was launched by the Chief Secretary in June last year.It is made up of 24 departmental spending reviews and 6 cross-cutting reviews, reporting to the Cabinet Committee on Public Spending (PX) and drawn together into one central review.

HM TREASURY PRESS OFFICE

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