UK Chancellor Rachel Reeves is expected to announce billions of pounds of spending cuts when she delivers her government’s Spring Statement. Her key fiscal rule requires day-to-day spending to be covered by tax receipts. But Reeves left herself an historically slim £9.9 billion margin against the target at her budget in October, a buffer that has since been eroded by higher government borrowing costs and lower growth forecasts. Live from Westminster, Bloomberg Television has special coverage, starting with the Chancellor’s statement to Parliament at 12.30 UK time.
Author: Bloomberg Television
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News post in March 21, 2025, 12:06 pm.
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