The Daily T
'Spending like a drunken sailor': Rachel Reeves’s splurge-a-thon
Published: 11 June 2025 at 17:18 Europe/London
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Episode notes
Chancellor Rachel Reeves has unveiled her first major spending review, pledging tens of billions in additional funding for public services, including £29 billion a year for the NHS, a £4.5 billion boost to the schools budget, and a rise in defence spending to 2.6% of GDP by 2027.
But Reeves stopped short of explaining how the government will actually fund these ambitious commitments, fuelling Tory warnings of looming tax hikes. Shadow chancellor Mel Stride accused her of having “completely lost control”, calling it a “spend now, tax later” plan that kicks tough choices down the road for Labour.
So how will the Government balance the books? And what will the spending review mean for you? Camilla is outside Parliament with Reform’s Richard Tice who says Reeves is ‘cratering the economy’ and is obsessed with his party. Plus Tory Andrew Griffith on why his party are disowning Liz Truss’s mini budget and Labour’s Chris Curtis on productivity in the NHS.
Producer: Lilian Fawcett
Senior Producer: John Cadigan
Planning Editor: Venetia Rainey
Executive Producer: Louisa Wells
Social Media Producer: Robbie Nichols
Video Editor: Will Walters
Studio Operator: Meghan Searle
Additional support from Andy Mackenzie and Ryan Gudge
Original music by Goss Studio
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