Tag: boosts
Reeves boosts NHS and housing as some budgets squeezed
Rachel Reeves has announced an extra £29bn per year for the NHS in England, along with funding boosts for defence and housing, as she set out the government’s spending plans until the end of the decade. The chancellor also promised more money for artificial intelligence and transport projects, saying “renewing Britain” was at the heart…
Surprise fall in inflation boosts interest rate cut hopes
UK inflation unexpectedly dipped in December, raising expectations of an interest rate cut next month. Prices rose 2.5% in the year to December, down from 2.6% the month before, marking the first fall in inflation for three months. The drop was driven by hotel prices falling and smaller rises in airfares than usual, but prices…