Rachel Reeves is drawing up plans for up to £40 billion worth of tax rises and spending cuts to avoid a return to austerity as warnings grow that her budget may “hammer” businesses and increase pressure on charities.
The chancellor has told cabinet ministers that plans to fill the “£22 billion black hole” in Britain’s finances in her budget on October 30 will be enough only to “keep public services standing still”
The chancellor has told cabinet ministers that plans to fill the “£22 billion black hole” in Britain’s finances in her budget on October 30 will be enough only to “keep public services standing still”
