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World

Rachel Reeves’s non-Budget is very bad news

27 March 2025

12:43 AM

27 March 2025

12:43 AM

Rachel Reeves framed her Spring Statement around the insistence that Labour’s Plan for Change was already working, which meant that any changes she was having to make today had to be framed as small ‘adjustments’, rather than the sort of change of course that would allow the Conservatives to claim she was delivering an ‘emergency budget’.

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