Rachel Reeves looks to spending review to shift focus from welfare cuts
Ahead of next week’s statement, the chancellor is to announcing transport investments outside London
Rachel Reeves’s spring statement in March ended up being defined by deep cuts to disability benefits. The Treasury hopes next week’s spending review will be remembered for the chancellor’s largesse.
Her team have consistently been frustrated that despite announcing tax increases worth £40bn a year by the end of the parliament, and radically rewriting the fiscal rules, Reeves has failed to win much political credit for unlocking additional investment. Continue reading...
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