UK government hopes to regain political initiative as Treasury chief outlines spending plans
LONDON — Britain's Labour government hopes to regain the political initiative Wednesday when Treasury chief Rachel Reeves sets out her spending plans for the coming years, with big increases expected for health, defense and housing.
Reeves, who has been blamed by many for Labour's decline in popularity since it returned to power after 14 years in July, will outline the government's spending and investment priorities for lawmakers. There will be no tax announcements.
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