Chancellor Rachel Reeves has unveiled her first major spending review, pledging tens of billions in additional funding for public services, including £29 billion a year for the NHS, a £4.5 billion boost to the schools budget, and a rise in defence spending to 2.6% of GDP by 2027. 

But Reeves stopped short of explaining how the government will actually fund these ambitious commitments, fuelling Tory warnings of looming tax hikes. Shadow chancellor Mel Stride accused her of having “completely lost control”, calling it a “spend now, tax later” plan that kicks tough choices down the road for Labour. 

So how will the Government balance the books? And what will the spending review mean for you? Camilla is outside Parliament with Reform’s Richard Tice who says Reeves is ‘cratering the economy’ and is obsessed with his party. Plus Tory Andrew Griffith on why his party are disowning Liz Truss’s mini budget and Labour’s Chris Curtis on productivity in the NHS. 

We want to hear from you! Email us at [email protected] or find @dailytpodcast on X, Instagram and TikTok.

Producer: Lilian Fawcett and Georgia Coan

Senior Producer: John Cadigan

Planning Editor: Venetia Rainey

Executive Producer: Louisa Wells

Social Media Producer: Robbie Nichols

Video Editor: Will Walters

Studio Operator: Meghan Searle

Additional support from Andy Mackenzie and Ryan Gudge

Original music by Goss Studio

Hosted on Acast. See acast.com/privacy for more information.