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✍️ Chancellor Rachel Reeves' upcoming spending review is expected to focus on infrastructure investments and tax increases, with the goal of unlocking additional investment in the UK economy.
👉 £100bn in additional capital investment over the next five years
👉 Infrastructure projects, including transport investments outside of London
👉 Prioritization of health, defence, and economic growth
👉 Means-testing of the winter fuel allowance
👉 Tackling child poverty, with a full strategy expected in the autumn
#RachelReeves #JeremyHunt #DarrenJones #Manchester #London #politics
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Ahead of next week’s statement, the chancellor is to announcing transport investments outside LondonRachel Reeves unveils £15bn for trams, trains and buses outside LondonRachel 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...
https://www.theguardian.com/politics/2025/jun/04/rachel-reeves-looks-to-spending-review-to-shift-focus-from-welfare-cuts