The winners and losers in Labour’s first spending review

Rachel Reeves’ £113bn capital spending plan masks tough choices and cabinet rows over squeezed budgetsWhen Rachel Reeves publishes the government’s spending review on Wednesday, the stories the Treasury will want to tell are the energy, transport and other infrastructure projects that will get a share of the big boost in capital funding – £113bn.They will argue that cash, freed up by the change to the fiscal rules in the budget, could only have happened under Labour and was opposed by the Tories and Reform. Continue reading...

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