US EditionWhen is the spring statement - and what do you need to know about it?
- Chancellor Rachel Reeves will deliver her Spring Statement on Wednesday, outlining the UK's economic status and planned financial measures.
- Reeves aims to cut government running costs by 15% by the decade's end, potentially resulting in the loss of 10,000 civil service jobs.
- Despite being labeled as an 'emergency budget,' this statement will not be as comprehensive as October's budget.
- The UK Government plans to increase defense spending to 2.5% of GDP by 2027, while the aid budget is set to be reduced from 0.5% to 0.3%.
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Evening Standard+2 Reposted by 2 other sources
Reeves to announce extra £2.2bn defence spending in spring statement
On Wednesday, the Chancellor is expected to say the UK ‘must move quickly in a changing world’.
·London, United Kingdom
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Total News Sources26
Leaning Left8Leaning Right3Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
R 25%
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