UK's new Labour Treasury chief, Rachel Reeves, announces cuts and delays to major infrastructure projects to address a £20bn budget shortfall.
Rachel Reeves, the UK's new Labour government's Treasury chief, is expected to announce cuts and delays to major infrastructure projects in an effort to address a £20bn budget shortfall. The measures include halting projects such as the £500m Restoring Your Railway Fund, the A27 Arundel bypass, and the £1.7bn plans for a road tunnel on the A303 around Stonehenge. Reeves will accuse the previous Conservative government of covering up the true state of the nation's finances.
July 28, 2024
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