Treasury asking ministers to draw up billions of pounds of infrastructure cuts

Ministers are facing pressure to reduce infrastructure investment plans by up to 10%, risking hospital and road projects to address a £22 billion fiscal gap. The decision could hinder economic growth, highlighting conflicting views on short-term cuts versus long-term benefits of investment.

Rachel Reeves emphasized at the Labour conference that the Treasury needs to recognize the broader benefits of investment, stating, 'Growth is the challenge and investment is the solution,' contrasting with Treasury's current push for immediate spending cuts.

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