A simple solution to Rachel Reeves’ spending cuts? Stop subsidising the banks | Larry Eliott
by Larry Elliott from on (#6PQME)
A 22bn black hole' could be filled overnight if Labour stopped paying unnecessarily high interest on balances at Threadneedle Street
Well that didn't take long. Less than a month after becoming chancellor Rachel Reeves has gone native at the Treasury, putting a red pencil to plans for new hospitals, roads and rail projects that the government says it can't afford.
The latest to bite the dust is the 800m for an exascale supercomputer at the University of Edinburgh and a further 500m for the AI Research Resource, which funds computing power for AI.
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