Spending review 2025: winners and losers

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Rachel Reeves has set out day-to-day departmental spending until 2029 and capital budgets until 2030, in Labour’s first comprehensive spending review for 16 years. “The renewal of Britain must be felt everywhere,” she…

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