Spending review delivers big boosts for health and defence – but Rachel Reeves is focused on investment

By Linda Yueh, Fellow in Economics/Adjunct Professor of Economics, University of Oxford

UK chancellor Rachel Reeves has delivered the government’s spending review, setting out its plans and priorities for the next three years. The aim of the review is of course to allocate spending over that time period – but this government is keen for economic growth and so has directed the funds to try to boost GDP. This approach could work but is particularly challenging in an uncertain global environment.

The parameters of the UK’s fiscal policy were set in the budget last October and the spring statement in March when the chancellor confirmed her fiscal rules, which allowed borrowing…

Read complete article

~	Ethiopia Should Immediately Release Prominent Journalist

~	Global Voices News Quiz: Week of June 9 2025

~	The Conversation scoops two awards in one night, including Podcast Publisher of the Year

~	Mitigating AI security threats: Why the G7 should embrace ‘federated learning’

~	FIFA’s World Cup Ignores a Child Labor Nightmare

~	Decades of memories and loss – searching for the missing in Syria

~	The big Musk v Trump break-up: what the polls say about who the public thinks won

~	How to Train Your Dragon: refreshed visuals don’t save this remake’s hackneyed American exceptionalism

~	A school prom isn’t just a party – it can equip teens with life skills

~	The deteriorating justice system in England and Wales is hindering economic growth