UK spending review: Will Reeves raise taxes to fund public services?

Will Rachel Reeves raise taxes to fund public services after the UK spending review? Wednesday’s spending review is the government’s next big fiscal event – and it may be the last chance for Reeves to prove to businesses that public finances are under control. The UK chancellor will set out how much government departments can budget for between 2026 and 2029. Negotiations have reportedly tested the nerves of some Cabinet ministers, and reported cuts that were initially set to save the government around 1.5 billion pounds, now could save much less. The Labour government's U-turn on winter fuel payments and massive investment of 86 billion pounds in science and technology has only intensified fears that Reeves will have to raise taxes in the autumn to fund public services. Click the link in our bio to get more of the story 🔗 #news #unitedkingdom #labourparty #reformuk #keirstarmer #rachelreeves #nigelfarage #uknews #ukeconomy #politics #business #budget #investing #finance #personalfinance #economy #economics #publictransport #transport #transportation #health #healthcare #nhs #defence #defencenews #police #policing