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The Independent UK
The Independent UK
David Maddox,Athena Stavrou,Millie Cooke and Archie Mitchell

Spending review 2025 – live: Reeves criticised for ‘fantasy’ plan as economists warn tax hikes ‘very likely’

Tax rises are now “very likely” following a raft of spending announcements by Rachel Reeves, a former government economist has warned.

In a speech to the Commons on Wednesday, the chancellor laid out the government’s updated spending plans across all government departments for the next four years.

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