Rachel Reeves faces challenges in 2025 as the chancellor prepares for a spending review amidst stagnant economic growth, according to Carl Emmerson of the Institute for Fiscal Studies. The government plans to implement efficiency savings of 5% in departmental budgets following two consecutive months of GDP contraction and revised growth forecasts for the coming year. With lower growth predictions and potential financial strain, the upcoming spending review is expected to be a significant test for the UK government.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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