UEA expert: Chancellor must juggle investor & public sector interests in Spring Spending Review
The Government's Spring Spending Review will be unveiled in full tomorrow
A politics expert at the University of East Anglia is telling us the Chancellor will have to juggle the interests of investors and the effects of any public spending cuts on votes, this Wednesday.
Rachel Reeves will lay out the Government's 'Spring Spending Review' tomorrow - where it's widely expected that savings will be planned across many Government departments.
"She may well get a rough ride from them in the Commons tomorrow"
Professor Alan Finlayson is from UEA's School of Politics. He told us why decisions like these are having to be made: "Things have been quite choppy in the global economy, and not all of it is the Government's fault.
"Inflation has continued to rise and the economy hasn't grown as much as people had expected.
"This all means that Government spending is going to be a bit higher than first thought, while it's tax take in is going to be a bit lower than hoped.
"The cuts to welfare that people are expecting have certainly upset many in Rachel Reeves' party, including her backbench MPs, and she may well get a rough ride from them in the Commons tomorrow."
He told us how the Opposition and Number 10 will look to play this:
"They the Opposition will want to say that the Spring Statement has not gone far enough, but also making sure that it's being seen as a response to mistakes that Reeves made last time.
"Labour will say that this is all being done in response to the international situation- such as things like the down-turn in global trade and rise in inflation- the likes of which couldn't have been foreseen in October."
The Statement will be read out after 12.30pm on Wednesday in the House of Commons.