The article discusses the upcoming Spending Review, emphasizing its importance for the Labour government to present a credible financial strategy to reclaim lost support. There are internal disputes regarding budget allocations, particularly between the home secretary and the Treasury. Rachel Reeves's announcement about increased funding for transport projects showcases a strategy to invest outside traditionally wealthier areas. A pivotal chart highlights spending trends from 2010 to 2030, indicating significant increases since Labour's tenure and showcasing the political implications of these financial decisions over time.
The next few days are vital 'one of the last moments to weave it all together to look politically credible to the people Labour has lost'.
Rachel Reeves boasted of funnelling billions more taxpayers' cash to big transport projects outside the wealthier south east of England.
The chart spans 2010 to 2030, showing total spending sliding down during coalition years and then rising dramatically during Covid.
The total real terms spending by 2029-30? More than 650bn roughly 100bn more than when Labour took office.
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