Chancellor Rachel Reeves received a positive response from MPs after her spending review but faced scrutiny over possible future tax rises and disappointing growth figures. The UK's economy contracted by 0.3%, attributed partly to the Trump trade war's impact on exports. Reeves emphasized her commitment to delivering economic growth through various initiatives, including investments in transport, housing, and renewable energy. Key events following the spending review include further analyses by economic foundations and speeches by government officials aimed at addressing economic challenges.
Rachel Reeves addressed MPs after her spending review, stating her commitment to economic growth and acknowledging the disappointing growth figures released that morning.
The UK economy has shrunk by 0.3%, influenced by external factors such as the Trump trade war, raising concerns about the sustainability of economic recovery.
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