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Reeves gets budget watchdog’s verdict as she hunts for elusive economic growth

  • Rachel Reeves recognizes the need to act quickly to boost economic growth amid pressure from budget forecasts.
  • The Office for Budget Responsibility is expected to reduce its economic growth forecast for 2025 due to increased borrowing costs and similar cuts by the Bank of England and OECD.
  • Reeves plans to announce a £2.2 billion increase in defense spending and cut administrative budgets by 15% to meet spending guidelines.
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The IndependentThe Independent
+3 Reposted by 3 other sources
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Reeves gets budget watchdog’s verdict as she hunts for elusive economic growth

Chancellor Rachel Reeves will set out how she will balance the books against a backdrop of economic stagnation.

·London, United Kingdom
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  • 57% of the sources lean Left
57% Left
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Daily Express broke the news in United Kingdom on Tuesday, March 25, 2025.
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