Spending review: NHS wins - but tax rises are coming
The New Statesman | UK politics and culture
The New Statesman
4.4 • 1.4K Ratings
🗓️ 13 June 2025
⏱️ 24 minutes
🧾️ Download transcript
Summary
Andrew Marr, Anoosh Chakelian and Rachel Cunliffe review Rachel Reeves's latest financial statement.
LISTEN NEXT: What Keir Starmer can't say - NS editor Tom McTague on his profile of the Prime Minister https://pod.fo/e/2e40f0
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Rachel Reeves unveiled her latest spending review this week. Andrew, Anoosh and Rachel unpack the winners and losers, and discuss what the spending review reveals about the government's priorities.
READ:
Rachel Reeves's economic credibility is on the line https://www.newstatesman.com/politics/2025/06/rachel-reeves-high-stakes-spending-review
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Transcript
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| 0:00.0 | Hello, I'm Caroline Hepka. |
| 0:02.1 | And I'm Stephen Carroll. |
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| 0:34.5 | The New Statesman. |
| 0:45.3 | Hello, I'm Anous Shekelian and this is Politics from The New Statesman, where we bring you the latest from Westminster and beyond. |
| 0:50.8 | Today, I'm joined by our political editor, Andrew Maher, and our associate political editor, Rachel Cunliff. |
| 0:52.0 | Hello, both of you. Hello. |
| 0:56.2 | So this was Spending Review Week, the much anticipated roundup of the government's financial plans was delivered by the Chancellor |
| 1:00.0 | Rachel Reeves on Wednesday. Now, since Labour's election, their promise of change, economic |
| 1:04.7 | growth, renewal has, for much of the British public, been quite hard to see. So this was a |
| 1:10.4 | critical moment for Reeves |
| 1:11.5 | to lay out her plans to try and change that. Andrew, which departments were the winners from |
| 1:16.6 | her decisions? Well, I think I have to start by saying that the really big numbers that we've |
| 1:20.8 | been hearing about are infrastructure, capital investment spending. And there we're talking about |
| 1:25.7 | huge amounts of money spent on nuclear, power, |
| 1:28.3 | rail and so forth. But in terms of day-to-day spending, which is where the real political |
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