What will the Treasury’s Green Book review mean for construction?

By Tom Lowe2025-06-13T11:10:00

Boris Johnson’s 2020 review of the Treasury’s appraisal process for government investments led to some improvements in how value in schemes is judged, but a new review commissioned by Labour this year has found that many of the old practices remain embedded. Rachel Reeves has said she wants to go ...

Housing and infrastructure spending may have been the big ticket items at Wednesday’s spending review, but there was another major announcement which has been relatively overlooked. Rachel Reeves also promised to reform the Green Book, the methodology used by the Treasury to appraise value for money in public investment decisions.

The proposed updates, due to be published early next year, have the potential to be just as significant for public sector construction work.

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