Touring broadcast studios days before her crucial fiscal package, Rachel Reeves was forced to deny crushing activity by hiking taxes and talking down the economy.
Chancellor Rachel Reeves denies triggering the UK's economic slowdown amid fears of falling living standards and potential £15 billion cuts in the Spring Statement. She acknowledges "hard decisions" are coming and that the Civil Service will face over £2 billion in admin budget cuts, potentially resulting in 10,000 job losses. Reeves rejects reports of a huge drop in living standards but hints at scaling back public spending increases and rules out further tax increases.
