Reeves launches £113bn ‘renewal’ push
The FT says the NHS, defence and education are the winners from the review but the Home Office, Foreign Office and Culture Department face a “squeeze”.
The paper reports Reeves has said her review is a “rejection of austerity” but the IFS warns “things look tighter” from mid-2026. The paper celebrates her for directing funds at affordable housing, regional connectivity and energy security but calls for broader reforms of the tax system, and to pay for more training of construction workers and engineers.
