Chancellor pledges to end spending on asylum hotels, as she contrasts Labour investment with Tory austerity
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UK politics live – latest updates
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Spending review 2025: key points at a glance
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Five charts underpinning Rachel Reeves’s decisions
Rachel Reeves has pledged to “renew Britain” with billions to be invested in energy, housing, transport and infrastructure – though some key departments will face tough real-terms spending cuts.
The chancellor said the effects of that investment would be felt in all corners of the country, decrying austerity as a “destructive choice”.
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