The Chancellor told ministers in a Cabinet meeting on Monday that plans to fill the "£22 billion black hole" she has repeatedly cited in the UK's finances will be enough only to "keep public services standing still"
The Treasury is said to have identified a far larger £40 billion funding gap which Ms Reeves will seek to plug to protect key departments from real-terms cuts and put the economy on a firmer footing.
Experts have argued that ministers need to find £20 billion to avoid a spending squeeze on socalled "unprotected" departments pencilled in by their Tory predecessors, and billions more to prevent a sharp fall in investment spending.
Esta historia es de la edición October 17, 2024 de The Herald.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 17, 2024 de The Herald.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
DON'T BE SCARED!
WHITTAKER CALLS ON PILGRIMS TO RELISH TRIP TO LEEDS
Parkway battle back for first home league win
PLYMOUTH Parkway returned to league action on Tuesday night following their disappointing FA Trophy exit to Chichester City on Saturday when Wimborne Town were the visitors to Bolitho Park.
Wratten and Barraclough win clash of the veterans
IT was a battle of the veterans when Roger Wratten and Roy Barraclough played John Putman and Chris Shorter with combined ages of 315.
Marler row after call to axe haka
JOE Marler has called for the haka to be scrapped ahead of Saturday's clash with New Zealand as it emerged the veteran prop has left England camp for personal reasons.
The choice? Unity or division
AS America nears the climax of its 2024 election, voters are confronted with a choice between Donald Trump and Kamala Harris, a decision that goes far beyond policy.
Force to be reckoned with...
HOLBY STAR TURNS DETECTIVE AS SHE STEPS IN TO HELP STRUGGLING POLICE OFFICERS CRACK UNSOLVED CASES
Sunak blasts 'Budget of broken promises'
RISHI Sunak yesterday accused Rachel Reeves of delivering a Budget containing \"broken promise after broken promise\", adding: \"Working people will pay the price.\" The outgoing Conservative leader claimed the Chancellor has decided to \"let borrowing rip\" and tried to \"cover up that splurge by fiddling the fiscal rules\".
Reeves pledges to invest amid £40bn tax rises
CHANCELLOR Rachel Reeves yesterday set out a Budget which will increase taxes by £40 billion as she promised to \"fix the foundations\" of the economy and repair the public finances.
Fire starts at nuclear sub shipyard
RESIDENTS living next to a nuclear submarine shipyard saw thick smoke and bright flashes as a fire broke out in the early hours of the morning.
Flash floods kill dozens
AT least 63 people have died in eastern Spain after flash floods swept away cars, turned village streets into rivers and disrupted rail lines and major roads in the worst natural disaster to hit the nation in recent memory.