21 Jul 2020

Sunak to carry out major review of public spending

The government is continuing to borrow tens of billions of pounds – another 35 billion in June alone – as the coronavirus lockdown plays havoc with our public finances.

The big question is whether this massive increase in the deficit will inevitably mean more spending cuts and tax rises in the future.

Today the Chancellor said he will carry out a big review of public spending and reveal his plans this Autumn.