Rachel Reeves Announces Sweeping Cuts to Address £22 Billion Fiscal Deficit

The Chancellor reveals plans to slash public spending and review major projects, citing hidden financial oversights by the previous government.

• Winter fuel payments for pensioners not on benefits will be cut.
• The social care cap and several hospital and road projects are being scrapped.
• Public sector pay rises will be funded by finding £3 billion in departmental savings.
• A review of the previous government's hospital building program will be conducted.
• The new budget, set for October 30, will include difficult decisions on tax and spending.

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