Rachel Reeves is under mounting pressure to resign after new figures revealed she may have dramatically overstated the size of Britain’s so-called “black hole” ahead of November’s Budget.
The Chancellor repeatedly warned the public that “tough decisions” were coming because the UK was facing a £30 billion gap in the public finances — a claim she used to justify tax rises and warnings of national belt-tightening. She also suggested the Office for Budget Responsibility (OBR) was preparing to downgrade Britain’s productivity outlook.
