Does Labour’s spending review signal a return to austerity? - short news
Rachel Reeves is increasing overall departmental budgets after years of cuts
Rachel Reeves usually avoids any mention of the word “austerity” in connection with her fiscal policies, but on Wednesday, she decided to tackle the argument head on.
“In this spending review, total departmental budgets will grow by 2.3% a year in real terms,” she told MPs as she announced the next stage of her spending review.
Continue reading...source: The Guardian - 12.06.2025