UK Chancellor of the Exchequer Rachel Reeves is set to outline the government’s economic strategy during the upcoming spending review, emphasizing billions of pounds in infrastructure investments. As the Keir Starmer-led administration aims to recover from a challenging first year, Reeves will present long-term spending plans extending to the end of the decade. These include significant allocations for transport networks, energy initiatives, hospital upgrades, and school renovations. Additionally, the Treasury announced a £39 billion commitment over the next decade toward affordable housing projects. This move underscores the government’s focus on revitalizing public services and boosting economic growth through strategic investments.
— new from Bloomberg
