Rachel Reeves is expected to announce plans for billions of pounds in investment for projects across the UK that she claims will “create jobs, prosperity, and put more money in people’s pockets”.
Later today, the Chancellor is set to announce funding increases for the NHS, schools and defence as she allocates some £113bn freed up by more flexible borrowing rules.
But other areas may face cuts as she attempts to balance manifesto commitments with more recent pledges, such as a hike in defence spending, while meeting her fiscal rules that promise to match day-to-day spending with revenues.
Follow The i Paper’s live blog for updates…
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