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Reeves Unveils £100bn North and Midlands Plan to Counter Reform UK Surge

This follows changes to Treasury guidance that prioritise capital borrowing for struggling regions

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Overview

  • Chancellor Rachel Reeves will reprioritise up to £100 billion of infrastructure spending towards roads, rail and green energy projects in the north and Midlands.
  • A review of the Treasury’s Green Book rules is set to guide more capital investment to lower-productivity areas outside the southeast.
  • Opinion polls put Reform UK on 31 per cent support, placing it well ahead of Labour in multiple red wall constituencies.
  • Nigel Farage has proposed major tax cuts and welfare expansions funded by cuts to net zero and other departmental budgets, drawing criticism for potential deficit increases.
  • Reform UK is now accepting Bitcoin donations and has drafted legislation for a “crypto revolution” that includes a Bitcoin digital reserve at the Bank of England.