Chancellor Rachel Reeves told The Great Northern Conference in Hull she won't bring a budget like this again. She acknowledged the challenges for businesses, charities, and councils in facing higher employers' national insurance contributions.
In an exclusive interview with the Daily Mail yesterday, the Chancellor also revealed she will launch the biggest audit of government spending in almost two decades in a drive to slash waste and drive up efficiency.
She declined to say whether the defence target, which is viewed by military experts as the bare minimum required to keep Britain safe, would even be hit by the end of this decade. The Chancellor presenting her tax rising Budget in October, which also outlined £70 billion in extra public spending The Chancellor defended her record on the military, saying she raised defence spending by £3 billion in the Budget and found an extra £2.3 billion for Ukraine by using profits from frozen Russian assets.
‘It’s a good process, because we’ll go through line by line, every spending item of every department, and then we will also use outside people to challenge that and look at that,’ she said.
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