Chancellor says she is not prepared to let infrastructure spending fall further behind other countries, but there will be no Truss-style splurgeRachel Reeves will pledge to reverse huge cuts in public investment in her budget next week after she confirmed that rules limiting her spending power will be overhauled to enable the government to free up as much as £50bn for infrastructure spending.The chancellor said she would revise how the Treasury calculated shortfalls in the government budget over the rest of the parliament to free up funds to invest in public infrastructure. Continue reading…
Source link : https://www.theguardian.com/uk-news/2024/oct/24/budget-will-reverse-huge-cuts-in-uks-public-investment-reeves-confirms
Author : Phillip Inman
Publish date : 2024-10-24 15:06:53
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Budget will reverse huge cuts in UK’s public investment, Reeves confirms
