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£10 Billion Cuts Proposed to Aid Fiscal Shortfall

11/19/2025

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Reeves Targets Fiscal Reform
  • Reform estimates proposed cuts could raise £10 billion to aid Ms. Reeves in addressing a fiscal shortfall.
  • They propose raising the immigration health surcharge to £2,718 and deporting foreign offenders, generating £5 billion.
  • Reform argues these measures could save or raise £25 billion this year.
  • Ms. Reeves faces pressure to find £20 billion over five years and has ruled out raising income tax rates after Office for Budget Responsibility forecasts.
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