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The Guardian - UK
The Guardian - UK
Politics
Heather Stewart Economics editor

Reeves’s spending review was big on the long term but light on the everyday

Rachel Reeves
Rachel Reeves delivering her spending review speech in parliament.
Rachel Reeves delivering her spending review speech in parliament. Photograph: House of Commons

Blackpool, Cardiff, Teesside, Kirkcaldy: Rachel Reeves’s spending review speech was peppered with more regional shout-outs than a drive-time radio show.

Changing her fiscal rules in the autumn freed up £113bn for extra capital investment over five years by allowing the Treasury to net off financial assets against its debts.

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