It’s spring assertion day – a much bigger day than the Treasury in all probability ever needed it to be – however undoubtedly not a funds.
With Chancellor Rachel Reeves on target to interrupt her personal fiscal guidelines, she’ll lay out how she intends to seek out billions of kilos of additional financial savings. At the eleventh hour, it seems to be like welfare cuts shall be more durable than first thought – with successful on Universal Credit.
Sam and Anne define what the calculations are prone to be and the way the chancellor will deal with the day. And past at present – if there is no glimmer of progress by the top of the yr, how would she method the autumn funds? Could that be the place elevating taxes is the one choice?
