Reeves’ Spending Review Lays Groundwork For Massive Tax Hikes – Guido Fawkes

Reeves’ Spending Review Lays Groundwork For Massive Tax Hikes

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Rachel Reeves will finally unveil her spending review in a 45 minute-long speech after PMQs today. It follows weeks of wrangling with departments over who gets what, with home secretary Yvette Cooper the last to sign off after being on ‘resignation watch’ over what funding her department will receive. Here’s what Reeves is expected to announce:

• NHS (£30 billion)

• •  The day‑to‑day budget will increase by 2.8% in real terms each year to cover staff, equipment, and operational costs.

• Transport outside London (£15.6 billion) This had already been announced by the Tories…
  • £2.5 billion for Greater Manchester trams.

  • £2.4 billion for West Midlands Metro.

  • £2.1 billion for West Yorkshire Mass Transit, with construction starting by 2028.

• Science and technology (£86 billion over four years) This had also already been announced by the Tories…

• Public sector pay (3% to 5% increases)

• Keeping the £3 bus fare cap (up to 2027)

• Police funding (real‑terms increase over three years) Yvette Cooper has warned this will not be enough to meet the government’s pledge to recruit 13,000 frontline officers by 2029…

• Border security and surveillance (£680 million)

  • £100 million in the first year

  • Remaining £580 million spread over the next three years for staff, technology, and monitoring systems

• Housing and local development (£39 billion over ten years)
  • Grants to local authorities, private developers, and housing associations aimed at building affordable homes.

• Welsh rail project upgrade (£445 million)

• Sizewell C nuclear plant (£14.2 billion)
• Winter fuel U-turn (increasing threshold to £35,000 from the original £11,500 cut) 

While Reeves isn’t expected to announce any tax changes, today’s announcements will lay the groundwork for hikes in the Autumn Budget. She’s already been rolling that pitch…