“The chancellor has spoken previously about getting value for money,” the PM’s spokesman says when asked about this @bloomberg.com story. Says No10 will not provide a running commentary ahead of spending review negotiations.
Reposted from Alex Wickham
Treasury has told unprotected depts to prepare for ‘flat cash’ budgets at spending review

Would mean big cuts after inflation

Likely worst-case model in event of another bond rout

But threatens austerity 2.0

w/ @philaldrick.bsky.social @ellenmilligan.bsky.social www.bloomberg.com/news/article...

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