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MPs condemn government’s ‘reckless’ Spring Budget

Summary by The Argus

On Wednesday, Chancellor Rachel Reeves used her spring statement to announce a series of public spending cuts in order to balance the books…

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Spiked

Right

Rachel Reeves is a middle manager posing as chancellor

The parlous state of the British economy shows us what happens when you defer to the ‘experts’.

17 hours ago·London, United Kingdom

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New Statesman

Left

Don’t blame the OBR for Britain’s economic woes

It is all the Office for Budget Responsibility’s fault. This, plus Rachel Reeves’ rigid fiscal rules, has become the fashionable explanation for our economic travails. Were it not for these, it is argued, the government would not be announcing painful welfare cuts and could be investing in the future. For the most part, it is an argument advanced by the political left, but by no means exclusively. There are those on the right who are sceptical o…

22 hours ago

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The Argus

Center

MPs condemn government’s ‘reckless’ Spring Budget

On Wednesday, Chancellor Rachel Reeves used her spring statement to announce a series of public spending cuts in order to balance the books…

2 days ago·Brighton, United Kingdom

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City AM

OBR chair: Reeves is exposed to 'inevitable' shocks

The Office for Budget Responsibility (OBR)’s chair Richard Hughes said Chancellor Rachel Reeves’s small headroom means the Treasury has left itself exposed to “inevitable” economic shocks. The role of the fiscal watchdog has come under greater scrutiny since Reeves made cuts totalling £14bn in order to meet her fiscal rules at last week’s Spring Statement. But the OBR stood by its analysis of the state of the UK economy during a hearing at the …

16 hours ago·London, United Kingdom

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nebula.tv

TLDR News UK — Are Reeves’ Fiscal Rules Holding the UK Economy Back?

Rachel Reeves recently changed her spending plans to fit within her own fiscal rules after forecasts suggest they would miss their own strict targets. But if they're being forced to make unpopular cuts by their own rules, why not just scrap them entirely? 📰 Too Long: https://toolong.news/ 🎞 TikTok: https://www.tiktok.com/@tldrnews 💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA Support TLDR on Patreon: http://www.patreon.com/t…

17 hours ago

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reaction.life

A chilly spring statement

When Harold Macmillan, Britain’s prime minister from 1957 to 1963, was asked what he saw as the greatest challenge for a politician, he reputedly replied, “Events, dear boy, events”.Those words might have occurred to Britain’s Chancellor of the Exchequer, Rachel Reeves, as she delivered her spring fiscal statement last week. The events of the last five months, since the October budget, have not been kind to the chancellor, or to the economy. GDP…

2 days ago

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