Rachel Reeves expected to reveal £20bn shortfall in public finances

The chancellor of the exchequer, Rachel Reeves, will announce the findings of her Treasury audit on Monday. Photograph: Jonathan Brady/Reuters

Rachel Reeves is expected to reveal a £20bn hole in government spending for essential public services on Monday, paving the way for potential tax rises in the autumn budget.

Labour sources said the blame lay with the Tory government, describing it as a “shocking inheritance” and accusing the former chancellor of “presiding over a black hole and still campaigning for tax cuts”.