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Déjà Vu: Austerity Looms as Government Plans Budget Freezes | Bloomberg UK Politics
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February 4, 2025
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13:03Now PlayingBloomberg has learned that the Treasury has told several government departments to prepare for their budgets to be frozen in cash terms, ahead of a major spending review in June. Such a freeze would mean real-terms spending cuts, creating a political dilemma for the Chancellor Rachel Reeves. We discuss with our economics reporter Tom Rees. Hosted by Yuan Potts and Stephen Carroll.
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Bloomberg's Caroline Hepker, Stephen Carroll, Yuan Potts and Lizzy Burden have your daily guide to British politics. We'll tell you what's happening and explain why it matters.
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