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Rachel Reeves to unveil Labour’s spending plans on Wednesday

Chancellor Rachel Reeves is set to announce Labour's spending plans on Wednesday, outlining funding until the next election in 2029, but experts warn nearly £5bn in cuts may be needed by 2028/29 to balance the books.
The spending review will allocate billions to projects creating jobs and prosperity, with Reeves emphasising the plans are possible due to the stability she introduced.
Analysis suggests unprotected departments like housing, policing, and culture could face real-terms cuts of nearly £5 billion by 2028/29, excluding recent commitments to restore winter fuel payments to pensioners.
The Home Office is expected to bear the brunt of spending cuts, potentially impacting police numbers, despite being tasked with delivering key pledges.
The Liberal Democrats criticised the potential spending squeeze, while the Tory shadow chancellor warned the spending review would lead to future taxes.