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Exclusive: The chancellor is set to unveil her spending review on Wednesday but researchers warn she will need to make £5bn of cuts by 2028/29 — even before finding the cash to restore winter fuel payments to pensioners
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Rachel Reeves will need to wield the axe and make nearly £5bn worth of cuts to balance the books in the wake of Labour’s spending review, new analysis has revealed.
The chancellor will on Wednesday announce funding for all departments until the next election in 2029 after a bitter cabinet civil war over what is being dubbed “austerity 2.0”.
