Veytics Intelligence
2026-10-22 · Politico

Who are the losers from the budget?

Can the government find more cuts across Whitehall to fund its NATO defence commitments? With less than a week to go until the budget, Treasury minister Emma Reynolds says squeezing more efficiency out of the government could free up cash for defence. But with public services already under pressure, where can the cuts be made without making things worse? Sam Coates and Anne McElvoy crunch the numbers, look at which sectors are already flashing the warning signs, and which policies the prime minister could scrap to score a political win. Elsewhere, is Education Secretary Lucy Powell planning to changes shifts in the department after a lukewarm response to keeping Sir Martyn Oliver as the chief inspector of Ofsted?

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