US EditionWhen is the spring statement - and what do you need to know about it?
- Chancellor Rachel Reeves will deliver her Spring Statement in Parliament, addressing the UK's economic situation and potential financial measures on Wednesday.
- The Chancellor has ruled out any policy changes or tax increases, despite the government's urgent financial challenges.
- Reeves aims to cut government running costs by 15%, which may lead to about 10,000 job losses in the civil service.
- The Institute for Fiscal Studies noted that Reeves chose fiscal rules that have now left her with insufficient financial headroom since the last budget.
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Evening Standard+2 Reposted by 2 other sources
Reeves to announce extra £2.2bn defence spending in spring statement
On Wednesday, the Chancellor is expected to say the UK ‘must move quickly in a changing world’.
·London, United Kingdom
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Total News Sources25
Leaning Left8Leaning Right3Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
R 25%
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