UK faces £100 billion black hole in public finances over next five years – Reeves
The upcoming budget will be presented as a longer-term down payment on “fixing the foundations” of the country.
Tag: rachel reeves
Labour reviewing tax hikes for the rich
VAT on private school fees, a crackdown on non-dom status and a proposed private equity raid will all be reconsidered by the Treasury.
OECD tells Reeves: Stop focussing on the debt
The body has urged Labour to focus on addressing years of under-investment rather than fixating on its fiscal rules.
‘We want our money back’: Reeves says Labour will claw back £674 million lost to Covid corruption
One contract that has been flagged was handed to a cannabis research company for £33 million worth of personal protective equipment.
UK debt climbs to over 100% of GDP for first time in 60 years
Official figures showed higher spending on public services, while national debt hit levels last seen in the early 1960s.
Rachel Reeves secures £8 billion investment from Amazon Web Services
"This £8 billion investment marks the start of the economic revival and shows Britain is a place to do business."
Jeremy Hunt’s face during humiliating showdown with Rachel Reeves becomes a viral meme
The ex-Chancellor was accused of making unfunded spending commitments and covering up a £22 billon black hole in the public finances.
Junior doctor pay deal ‘drop in the ocean’ compared to cost of strikes – Reeves
If accepted, the deal will see junior doctors’ pay rise by between 3.71% and 5.05% – averaging 4.05% – on top of their existing pay award for 2023/24.
OBR raises concerns over ‘transparency and credibility’ of Conservative’s spending plans
Rachel Reeves says she has uncovered a black hole in public finances that includes unfunded spending on the asylum system and transport.