US EditionUK finance minister set on ‘renewing Britain’ as she unveils spending plans
- Treasury Chief Rachel Reeves plans to unveil spending for health, defense, and housing, aiming to renew Britain.
- Reeves stated that the government is on track for renewing Britain but acknowledged that many have yet to feel the impact.
- Key announcements include a £30 billion increase for the National Health Service and higher defense spending by 2027.
- Reeves emphasized that her spending plans will adhere to her self-imposed fiscal rules.
14 Articles
14 Articles
Associated Press News
UK government hopes to regain political initiative as Treasury chief outlines spending plans
Britain’s Labour government will hope to regain the political initiative when Treasury chief Rachel Reeves sets out her spending plans for the coming years.
NBC New York
UK finance minister set on ‘renewing Britain' as she unveils spending plans
U.K. Chancellor Rachel Reeves is delivering her Spending Review this Wednesday, detailing how public money will be divided between government departments.
"We are renewing the UK. I know that too many people in too many parts of our country have not yet felt it. The task of this government, my task as Finance Minister and the purpose of this spending review is to change that," he said. By spending items, Reeves has detailed that the government will increase defence spending to 2.6% of GDP by 2027. It will be financed in part by cuts in the foreign aid budget. "A new era in the threats we face dema…
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