Reeves Reverses Public Investment Cuts
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government budgetGuardian
•Budget will reverse huge cuts in UK’s public investment, Reeves confirms
74% Informative
Rachel Reeves will pledge to reverse huge cuts in public investment in her budget next week .
She confirmed that rules limiting her spending power will be overhauled to enable the government to free up as much as 50bn for infrastructure spending.
The chancellor said she would revise how the Treasury calculated shortfalls in the government budget over the rest of the parliament.
She said she was not prepared to see public investment fall even further behind the levels seen in other major economies.
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