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Bloomberg has learned that the Treasury has told several government departments to prepare for their budgets to be frozen in cash terms, ahead of a major spending review in June. Such a freeze would mean real-terms spending cuts, creating a political dilemma for the Chancellor Rachel Reeves. We discuss with our economics reporter Tom Rees. Hosted by Yuan Potts and Stephen Carroll.
See omnystudio.com/listener for privacy information.
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Bloomberg has learned that the Treasury has told several government departments to prepare for their budgets to be frozen in cash terms, ahead of a major spending review in June. Such a freeze would mean real-terms spending cuts, creating a political dilemma for the Chancellor Rachel Reeves. We discuss with our economics reporter Tom Rees. Hosted by Yuan Potts and Stephen Carroll.
See omnystudio.com/listener for privacy information.
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