Rachel Reeves has outlined her plans to "strengthen our nation's defences", by increasing defence spending to 2.5% of GDP and to build 1.5 million new homes. The chancellor acknowledges that the OBR has downgraded the UK's growth forecast for 2025 from 2% to 1%, but adds, "it has upgraded growth for...
This spending review is a massive deal. It's a massive deal because of the sums of money and capital the government is about to allocate - £600bn over the next.. Sky News
Chancellor Rachel Reeves will set out plans in the spending review on Wednesday to invest billions of pounds across Britain, as she admits "too many people" are.. Sky News
Chancellor Rachel Reeves has signed off on £14.2 billion of investment to build the new Sizewell C nuclear power plant in Suffolk, while Rolls-Royce has been named as the preferred bidder to build small modular reactors (SMRs) in a programme backed by £2.5 billion of taxpayers' cash. It follows the government’s U-turn yesterday on winter fuel payments and comes the day before the chancellor’s spending review. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves acknowledged that many working people have yet to feel Labour’s progress. Speaking at the GMB Union Congress, she said tomorrow’s Spending Review will focus on “making working people better off,” with investments in security and health. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves told the GMB Congress Labour is “investing in the biggest roll out of nuclear power in a generation,” announcing £14.2 billion for Sizewell C. She said energy security is “national security” and confirmed support for small modular reactors and fusion. The Sizewell project will power six million homes and create 10,000 jobs, including 1,500 apprenticeships. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The chancellor says the OBR has downgraded the UK's economic growth forecast from 2% to 1% for 2025. Rachel Reeves admits she is "not satisfied with these numbers" and believes her statement is a..
Wednesday, 26 March 2025
![Government commits to multi-billion spend on nuclear energy [Video]](https://video.newsserve.net/300/v/20250610/1413518460-Government-commits-to-multi-billion-spend-on-nuclear.jpg)
![Rachel Reeves pledges spending review to help working people [Video]](https://video.newsserve.net/300/v/20250610/1413470616-Rachel-Reeves-pledges-spending-review-to-help-working.jpg)
![Reeves announces £14bn for Sizewell C at GMB conference [Video]](https://video.newsserve.net/300/v/20250610/1413470714-Reeves-announces-£14bn-for-Sizewell-at-GMB.jpg)
![Reeves 'not satisfied' as UK's growth forecast downgraded [Video]](https://video.newsserve.net/300/v/20250326/1406279628-Reeves-not-satisfied-as-UK-growth-forecast.jpg)
