Skip to main content

Rachel Reeves tells cabinet UK still faces £100bn black hole over next five years

Chancellor’s words will be interpreted as signal she will not give in to ministers over cuts she imposes in budget

Rachel Reeves has told the cabinet that the UK still faces a £100bn black hole in the public finances over the next five years amid concerns that ministers are yet to grasp the full scale of the fiscal deficit ahead.

At a meeting of the political cabinet, the chancellor said the £22bn gap this year – which the government has blamed on their poor economic inheritance from the Tories – would be a recurring cost each year of this parliament.

Continue reading...

from The Guardian https://ift.tt/HR5JCxQ
Labels:

Comments

Post a Comment

Popular posts from this blog

England booed off after failing against Iceland once more in Euros warm-up

It was a long way from being the triumphant Euro 2024 send-off for Gareth Southgate and his England players at a sold-out and increasingly fretful Wembley. Never mind the result because it was not the main thing, however much it stirred memories of you-know-when against Iceland. It was the performance that raised the difficult questions, the worst one for quite some time and at exactly the wrong time. The home fans, thousands of whom made for the exits before the end, were forced to watch the second half – from about minute 55 onwards – through the gaps between their fingers. And it had not been great before that. Continue reading... from The Guardian https://ift.tt/4ndfQL0
Post a Comment
Read more

Covid-19 cases in England 'must fall to ease NHS pressure'

Imperial College study notes decline in week to 22 January but fall is slower than in first national lockdown Coronavirus – latest updates See all our coronavirus coverage Cases of coronavirus have started to decline in England but must fall faster to relieve pressure on the NHS, scientists behind a Covid infection survey have warned. Researchers at Imperial College London analysed more than 160,000 swabs taken between 6 and 22 January and found that while cases fell nationally in the past week the rate was not dropping swiftly enough to reduce strain on the health service. Continue reading... from The Guardian https://ift.tt/36ggn4E
Post a Comment
Read more

Trump to campaign in 4 states - including in Biden's hometown - during week of Democratic National Convention

Trump plans to hold a series of events next week in Pennsylvania, Wisconsin, Minnesota and Arizona as Democrats nominate Joe Biden for president.             from USATODAY - News Top Stories https://ift.tt/3al6qn7
Post a Comment
Read more