Close Menu
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

The world’s largest air force with the F-35 fleet in 2025

AI systems learn from many types of scientific information and run experiments to discover new materials | MIT News

Among the most troublesome relationships in healthcare AI

Facebook X (Twitter) Instagram
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest Vimeo
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World
Karachi Chronicle
You are at:Home » Latest Politics: ‘There’s more to think about’: Jess Phillips responds to gang grooming scandal | Politics Latest Politics News
World

Latest Politics: ‘There’s more to think about’: Jess Phillips responds to gang grooming scandal | Politics Latest Politics News

Adnan MaharBy Adnan MaharOctober 29, 2024No Comments3 Mins Read0 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


Prime Minister Rachel Reeves is on track to tighten Whitehall’s public services budget more than expected in a spending review, citing the deteriorating economic outlook, Sky News has revealed.

This puts the Prime Minister at odds with some ministers who have already said they are sacrificing the manifesto commitments they are expected to fulfill – no longer possible with a tight budget – in order to deliver on their pledges. .

The Prime Minister promised in the Budget that day-to-day government spending would be paid for through tax rather than debt, something that has not been achieved for decades.

In October’s Budget, she had just £9.9bn left of a total public spending bill of more than £1trn. The buffer is now just £1bn and could be completely eroded due to weaker economic conditions, with borrowing costs reaching their highest level since 1998.

Sky News understands that the Treasury is prepared to take immediate action to prevent the Office for Budget Responsibility finding in its Spring Statement on March 26 that fiscal rules have been breached. are.

We understand that she will stick to her borrowing commitments, the fiscal rules announced in the October budget. The Treasury also announced that there would be no changes to the tax system in its Spring Statement on March 26.

In that case, Mr. Reeves would be left with no choice but to further reduce the public spending budget and seek additional cuts to the welfare budget that could be politically unpopular.

Can Mr. Reeves cut the public spending budget?

In his budget, Mr Reeves allocated a more generous 4.3% spending increase in 2024/5 and a more modest 2.6% spending increase in 2025/6.

But then she allocated just 1.3% from 2026 to 2029. This is lower than at any point during the Tony Blair and Gordon Brown governments, or at any point during Boris Johnson’s government.

The worsening economic situation means Mr Reeves will have to further tighten the budget and offer an annual rate of less than 1.3% from 2026, with departments such as the Home Office, Justice, Housing, Transport and the Environment. Collision is likely.

The 1.3% increase would already have factored in an increase in defense spending to put Britain’s defense spending on track to reach 2.5% of gross domestic product (GDP), but it makes no sense for the rest of Whitehall. There are few budget cuts, and any further budget cuts are likely to be greeted with fear in the UK. Several cabinet teams.



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleLouis Vuitton collaborates with artists on silk scarves
Next Article Unparalleled 3-on-3 women’s basketball league explained: rules, roster, schedule, rewards, and more
Adnan Mahar
  • Website

Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

Related Posts

The world’s largest air force with the F-35 fleet in 2025

September 25, 2025

The petition filed against Imrankan’s X-post during his imprisonment at Islamabad HC has called for investigation and removal of content

September 21, 2025

As the boy moves to the right, the rise of “new cold girls” can be seen. Naomi Binart

September 18, 2025
Leave A Reply Cancel Reply

Top Posts

20 Most Anticipated Sex Movies of 2025

January 22, 2025451 Views

President Trump’s SEC nominee Paul Atkins marries multi-billion dollar roof fortune

December 14, 2024122 Views

How to tell the difference between fake and genuine Adidas Sambas

December 26, 202484 Views

Alice Munro’s Passive Voice | New Yorker

December 23, 202474 Views
Don't Miss
AI September 25, 2025

AI systems learn from many types of scientific information and run experiments to discover new materials | MIT News

Machine learning models can speed up discovery of new materials by making predictions and proposing…

Among the most troublesome relationships in healthcare AI

Google’s Gemini AI is on TV

Google Deepmind is a “historical” AI breakthrough in problem solving | Artificial Intelligence (AI)

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Karachi Chronicle, your go-to source for the latest and most insightful updates across a range of topics that matter most in today’s fast-paced world. We are dedicated to delivering timely, accurate, and engaging content that covers a variety of subjects including Sports, Politics, World Affairs, Entertainment, and the ever-evolving field of Artificial Intelligence.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

The world’s largest air force with the F-35 fleet in 2025

AI systems learn from many types of scientific information and run experiments to discover new materials | MIT News

Among the most troublesome relationships in healthcare AI

Most Popular

10 things you should never say to an AI chatbot

November 10, 20040 Views

Character.AI faces lawsuit over child safety concerns

December 12, 20050 Views

Analyst warns Salesforce investors about AI agent optimism

July 1, 20070 Views
© 2025 karachichronicle. Designed by karachichronicle.
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.