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‘Austerity is not the answer’ as Reeves to announce £20bn black hole in public finances
Chancellor Rachel Reeves giving a speech at the Treasury in London, to an audience of leading business figures and senior stakeholders, announcing the first steps the new Government will be taking to deliver economic growth, July 8, 2024
CHANCELLOR Rachel Reeves is set to announce the existence of a black hole in public finances to the tune of £20 billion on Monday, party sources said today.
She will give an update on a spending audit by Treasury officials and respond to the public-sector pay recommendations as the government faces having to find money for above-inflation rises.
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