Reeves to squeeze public spending in summer statement

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British Chancellor Rachel Reeves, New, Multibillion-Pound Social Spending Planning, Summer Statement of next week, a reduction of £ 5 billion in Saturday.

Looking for reeves Further cuts Filling a hole in public finances and then budgets from the budgets offered for Whitehall departments in Parliament informed about Trubing’s plans.

Prime Minister Sir Keir Starmer excluded his return to “hardness”, but officials will not want to “regulate regulator” spending plans if the reveves worsen the economic outlook.

“The world is changing” Reeves told this week.

After a short-term boost fuel to spend £ 40 billion tax increase in October, Reives In 2026-27, in the spending of real departments, an average of 1.3 percent increased by 1.3 percent.

About 1.1 percent of the growth of real conditions that lasted 1.1 percent day by day, according to the Financial Research Institute, the office of the office for budget liability, about $ 5 billion saves about 5 billion pounds.

This growth rate is still above, former Chancellor Jeremy Hunt is designed in pre-election plans.

The rising government borrowed expenditures and anemic growth, a hole in the plans of Reeves; Economists expect to deteriorate the worsening to eliminate the most or 9.9 billion pounds in the October’s budget.

A government official said that the reeves of the financial markets will re-create the reeves “reasonable level” The expression of spring Wednesday next week; A financial rule said that current expenses are adapted to tax revenues in 2029-30.

Reveves returned to discharge financial rules and do not expect the void to fill the allies and do not expect the allies to fill the gap. The Whitehall departments are already twitched in a tough cost.

Last week, a number of ministers protested on the reports of reporting on the edges of the costs, but government insurgents reformed, but the percentage of expenditures are reduced and the increase in expenditure increases and reduced interest rates and reduce interest rates and reduce interest rates and reduce interest rates, say government services can be stored.

Last week, the starmer promised better value to place civil service reforms and more technology. “Each pound was spent, each adjustment should be delivered to people working in every decision,” he said.

At a level planned by Hunt, the risks accused of financing the public services from the left of the left, insists that the allies are “reliable plans” for their allies, better value for money.

“The difference is that we can make the departments more productive and how can we reduce costs,” he said. “It’s not going back to the stiffness.”

Reeves’ allies, it will be easier to increase the cost of the cost in the following years to carry out emergency repair work.

This week, England warned that Britain is facing difficult days and “increasing global headlines, such as trade uncertainty,” he said.

Government officials say US President Donald Trump’s commercial wars can “dismiss all our plans.”

In October, Reveves set the department’s spending plans in connection with the 2026-27 allocations in 2025-26.

Reveves decided to raid Starmer’s foreign aid budget until 2027, it will gain a little comfort when decided to finance £ 6 billion in defense spending.

Some of these expenses should be considered as capital expenditures that do not believe in the financial procedure of the reveves that require writing the current budget surplus in 2029-30.

Empowering economists, emphasizing the importance of being reliable with financial markets, will start depositing in a comprehensive spending period that is more approaching in hard cuts in the end of parliament.

Ben Zaranko, IFS thinking in the Tank, Reeves, “Stones at the end of parliament”, then more than three years, then in the pen, then the pen, then the pen, then the pen can be left with a pen, he said.

However, it can claim that “financial fiction” is guilty – critical of Hunt’s intimated, but unspecified spending plans.

Treasure spokesman said: “The government’s commitment to the financial rules and healthy state funding cannot be discussed.

“As soon as the earlier announced, the next forecast will be presented in Parliament on March 26, together with the statement of Chancellor. We do not comment on the assumptions.”