More pressure to raise taxes or cut spending - despite record budget surplus
Friday, 21 February 2025 Chancellor Rachel Reeves is coming under increased pressure to raise taxes or cut public spending as official figures show government borrowing was more expensive than expected, and tax revenue fell below expectations.
Martin Lewis said the government's decision to U-turn the winter fuel payment is a "huge relief" for pensioners. Rachel Reeves confirmed on Monday that pensioners earning less than £35k will be eligible to claim winter fuel payments this coming winter.
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Shadow housing secretary Kevin Hollinrake has expressed concern about the UK housing crisis worsening due to potential spending cuts. It comes as Rachel Reeves prepares to announce the government's spending plans until the next election.
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Winter fuel payments will extend to everyone over the state pension age with an income of or below £35,000 a year, Chancellor Rachel Reeves has announced. Sky News
Rachel Reeves will turn around the economy the way Steve Jobs turned around Apple, a cabinet minister has suggested ahead of the upcoming spending review. Sky News
Chancellor Rachel Reeves is set to announce how much cash each government department gets over the next few years at the spending review on 11 June. Sky News
Friday, 21 February 2025
Chancellor Rachel Reeves is coming under increased pressure to raise taxes or cut public spending as official figures show government borrowing was more expensive than expected, and tax revenue fell below expectations.
![Martin Lewis says winter fuel U-turn 'huge relief' [Video]](https://video.newsserve.net/300/v/20250609/1413389468-Martin-Lewis-says-winter-fuel-turn-huge.jpg)
![Conservatives express concerns over spending cuts [Video]](https://video.newsserve.net/300/v/20250609/1413370444-Conservatives-express-concerns-over-spending-cuts.jpg)
