How big is the ‘black hole’ Labour says is in public finances?

The Chancellor Rachel Reeves has told MPs the Government has inherited a £22 billion overspend from the Tories – and set out plans to reduce the deficit over the next two years. (Subscribe: https://bit.ly/C4_News_Subscribe) She accused the previous Government of continuing to make unfunded commitments “knowing the money was not there”. Among the cutbacks she … Read more