Reeves’ spending spree could open £20bn gap – which taxes will rise? June 12, 2025 Rachel Reeves splashed the taxpayer cash in her inaugural Spending Review, raising expectations the Chancellor may be coming back for more tax revenue in the Autumn if her growth ambitions are not met. Reeves is set to hand out an extra £190bn in government spending over the course of the parliament, in what she described [...]
Spending review: Labour’s economy is austerity for the taxpayer June 11, 2025 'Austerity' isn’t just about reducing public expenditure – it also applies to tax hikes, writes John O'Connell following the Spending Review.
Only roaring growth can save Reeves, and the country June 11, 2025 The Chancellor had been speaking for about five minutes when it dawned on me that she wasn’t going to say anything interesting. By the time she got to discussing the finer points of Southport’s pier and Kirkcaldy’s high street, I’d moved on to other things. That’s not to say that the Spending Review wasn’t interesting, [...]
Economists warn Rachel Reeves could be forced to make ‘£20bn tax grab’ June 11, 2025 Top economists have warned Brits to brace for another wave of painful tax hikes in the autumn after Rachel Reeves unveiled the government’s £190bn spending splurge. After unveiling her Spending Review, which laid out extra spending on the NHS, defence, housing and nuclear energy, the Chancellor told MPs she was committed to ensuring public finances [...]
Reform and Tories aligned on Spending Review criticism June 11, 2025 Reform UK has described government spending plans as being “completely out of control” after Rachel Reeves unveiled a package of measures that would increase spending by nearly £200bn over the course of the parliament. Responding to the Chancellor’s Spending Review, Reform Deputy Richard Tice said: “inflation is up, unemployment is up, government borrowing is up, [...]
Spending Review: Gilt yields dip in relief for Rachel Reeves June 11, 2025 Gilt yields fell in the minutes following the publication of the government’s Spending Review, paring back earlier rises and raising hopes the Chancellor had placated markets over her splurge on infrastructure, energy and healthcare spending. The 10-year UK government bond yield nudged down from 4.61 per cent to 4.55 per cent after the Spending Review [...]
Spending Review: Khan slams lack of Met and infrastructure cash June 11, 2025 Sir Sadiq Khan has launched a scathing assessment of the Chancellor’s long-awaited Spending Review, warning it will strangle his ability to deliver new affordable homes and create jobs, and mean fewer police officers on the capital’s streets. In a statement released soon after Rachel Reeves concluded her speech, London’s newly-knighted mayor said he was “concerned” [...]
Spending Review: Reeves leaves London short-changed June 11, 2025 Chancellor Rachel Reeves’ inaugural Spending Review fell short for London, the capital’s business advocacy group has said. Reeves’ announcements on infrastructure, transport and skills were received warmly but BusinessLDN has said the Chancellor had failed to fully deliver, leaving the capital “short-changed”. The Spending Review included a four-year settlement for Transport for London with the [...]
Spending Review: Colossal £25bn for HS2 eclipses other transport pledges June 11, 2025 HS2’s colossal funding package eclipses all other railway investment pledges that Chancellor Rachel Reeves announced in her Spending Review. Reeves pledged £3.5bn investment into the Transpennine route upgrade and £2.5bn for East-West rail as part of the Spending Review. The Chancellor also set out plans to “take forward” the UK’s ambitions for Northern Powerhouse Rail, [...]
Reeves’ Spending Review: Spend now, tax later? June 11, 2025 Cash will be splashed across transport, energy, and healthcare under plans laid out by Chancellor Rachel Reeves in her Spending Review. Reeves described the plans, which will see an extra £190bn in government spending, as “a credible plan for the renewal of Britain.” But Shadow Chancellor Mel Stride warned the spending splurge would spark tax [...]