Reeves Review: How Not to Spend £113 Billion

Reeves review: how not to spend £113 billion

HM Treasury via FlickrOur thanks today to Gasperd Farrer of Barings Bank, and the fund he created in 1927 in his quixotic attempt to wipe out the National Debt. He failed, as you might have noticed, but last year his fund contributed a heroic £500m to the government’s coffers. That’s enough to keep the UK’s state spending machine running for, oh, about five hours.Well, every little helps, but even Mr Farrer would find it hard to comprehend how t…

Reeves’ Spending Review sees Labour take London for granted

Taking Londoners, and Labour voters in London, for granted in a big effort to secure 'Red Wall' areas less loyal to the party looks like a ploy straight out of the Morgan McSweeney playbook. By WALTER CRONXITE, Political Editor The Spending Review delivered by Chancellor Rachel Reeves this week left the capital, and many of…