Rachel Reeves announces public spending cuts in Commons statement

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After conducting a Treasury audit, Rachel Reeves came to the Commons today to give a rundown on the extent of overspending the Conservatives made in the last financial year, and what Labour are going to cut back on to alleviate overspending.

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That £22 billion-pound black hole did not get spent on public services and infrastructure; it was a massive transfer of wealth of public money to the already wealthy. Tax these wealthy benefactors, not the areas of society where the money never went to.

dazecm
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Get the dodgy ppe contracts money paid back to the tax payers

kellymckeever.
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So to summarise what was said:

-Tories hid £22billion worth of undisclosed spending last year alone, and hid huge amounts of failure within the system.
-Labour is "cutting" public spending, but not through austerity, but through getting rid of extremely wasteful projects and policies which are draining public finances with no real return.
-These include the Stonehenge tunnel, Rwanda, clearing the asylum claim backlog, the unfunded 40 new hospital project, and more.
-They will also gain more tax income by pressing ahead with the crackdown on tax avoidance and loopholes.
-The only austerity-like policy announced is means-testing the pension winter fuel payment, and actively work with charities and councils to make sure that those legible for the payment register for it.
-Meanwhile, major public sector fields are getting a 5% or higher wage increase effective almost immediately. They have justified this through raising that strike action has cost the public sector billions, and so this uses the money for public sector benefit offset by opportunity cost.
-They have committed to no new tax increases that would affect the working class
-They will prioritise investing into relatively low cost projects and industries which will bring rapid and significant economic returns, to fuel further investment down the line.
-Finally, the first budget shall be delivered October 30th, and shall establish not only the plans for the first year, but a roadmap for the next three years.

Overall, I would say a strong statement. They kept their promises while the "public spending" cuts in the title is unhelpful clickbait - they are cutting WASTE. This is not austerity 2.0, unless we get something horrific come out in the autumn statement, but that will be seen then, not now.

Grimfang
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Fraud? Isn’t this worthy of jail time? Put them in jail??

Kate_Alexander_
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Tax the billionaires and millionaires more.And get out ppe money back off Michelle mone and the other crooks

michaellawrence
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I would vote for putting crooked politicians behind bars.

foroparapente
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There bloody sitting shakimg their heads !! They should get jailed ...furious !!!

craig
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How on this God given earth can these charlatans not be held accountable?! Surely we deserve justice to have them face prison time or at least huge financial fines to return the money they have stolen from us.

JackMBradley
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Unfunded = incompetent, irresponsble, ...
Undisclosed = CRIMINAL
We expect LEGAL repercussions on whoever hid official spending information

parametr
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The tories should be facing criminal charges.

discostoo
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That is a damning report. And the lack of guilt or regret on the Tory faces says it all…

joshuafindlay
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As a tory voter, ill never vote for them again. What have they not ruined???. At every turn they have put themselves before the country. I sympathise with labour for what they have inherited.

hasnaintejani
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This is straight up fraud. Get them in prison.

rank
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23:51 - "We will appoint a covid corruption commissioner"

*The sound of Tory pants being soiled resonates through the chamber. Hasty messages sent to fire up the office shredders and lock the doors.*

*In a harbour somewhere Barrowman and Mone are desperately trying to kick-start a yacht engine.*

dismalfist
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So if this 22B is true, why are they not holding the tories criminally accountable.

tbag
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torys have left this country a total mess. really hope people remember this

Doomedcreatures
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levelling up was just selling assets and land to a handful of corporations for pennies on the pound of their value.

Vetis
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If these figures can be ratified then the Tories should not ever be in Government again and Hunt is a disgraceful human being.

ThomasSpitzer
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its not exactly spending cuts if the money was never there to spend in the first place. It's just acknowledging reality

WhichDoctor
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The spending should be made public, every single statistic she has heard, we should hear!

Warbaman