RACHEL REEVES said on Saturday that £1.4 billion will go to rebuilding crumbling schools as part of her first Budget.

The Chancellor said that children should not suffer for the dire state of Britain’s public finances despite the Labour government needing to fill what it describes as a £22bn “black hole” of Tory overspending.

The Treasury said the funding would support the school rebuilding programme, targeting about 500 schools over a decade.