The Treasury has made it clear that reform will be needed as Rachel Reeves begins pivotal review of public financesCabinet ministers have been ordered to search for cost-cutting reforms and prepare for difficult decisions over spending, as chancellor Rachel Reeves and her team formally begin the process of compiling a pivotal review of public spending.The chancellor has already made clear that she is planning to raise taxes and take tough decisions on welfare and spending in what will be a crucial autumn for the new Labour government. She will present her first budget and a spending review setting departmental budgets for this year and next. Continue reading…
Source link : https://www.theguardian.com/politics/article/2024/aug/11/chancellor-rachel-reeves-treasury-budget-tough-spending-decisions
Author : Michael Savage Policy editor
Publish date : 2024-08-11 06:00:05
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