Chancellor Rachel Reeves is set to reveal details on Monday of an audit of the UK's public finances which could tell of a black hole of some £20 billion between revenues and funding commitments, including in areas such as asylum and public sector pay.
Before the July 4 election, the Institute for Fiscal Studies (IFS) accused the political parties of a "conspiracy of silence" over the state of the public finances and difficult choices ahead.
"Now they are reckoning with reality.
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