UK FinMin Reeves: day to day spending in 2029-30 will be 6.1B stg lower than planned in Oct; cuts £3.5B from UK public spending plans

UK's Chancellor Reeves: Public spending is forecast to rise to 45% of GDP next year, before declining over the remainder of the decade to 43.9% of GDP in 2029-30.

— FinancialJuice (@financialjuice) March 26, 2025

BREAKING

The OBR has halved growth forecasts from 2% to 1% for 2025-26

Reeves attributes the fall in growth to global uncertainty

— Steven Swinford (@Steven_Swinford) March 26, 2025