Déjà Vu: Austerity Looms as Government Plans Budget Freezes

Bloomberg has learned that the Treasury has told several government departments to prepare for their budgets to be frozen in cash terms, ahead of a major spending review in June. Such a freeze would mean real-terms spending cuts, creating a political dilemma for the Chancellor Rachel Reeves. We discuss with our economics reporter Tom Rees. Hosted by Yuan Potts and Stephen Carroll.See omnystudio.com/listener for privacy information.