Chancellor Rachel Reeves has announced a significant spending review, pledging billions for essential sectors like energy, housing, and infrastructure, while condemning austerity as harmful. The review focuses on delivering tangible benefits to working people across the UK and aims to ensure those investments result in noticeable improvements in daily life. Reeves plans to cut spending on controversial areas, such as asylum hotels, and emphasized that her approach—characterized as Labour choices—will differ from the austerity measures seen previously that hindered growth and living standards. Total departmental budgets will see a real-term increase of 2.3% per year, marking a shift from past cuts.
Creating a lost decade for growth, wages and living standards that is their legacy.
The priorities of this spending review are the priorities of working people, to invest in Britain's security, in Britain's health, and to grow Britain's economy.
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