Rachel Reeves paves way for cuts and tax rises to fill shortfall left by Tories

Chancellor Rachel Reeves gives a speech at the Treasury in London earlier this month. Photograph: Jonathan Brady/Reuters

Rachel Reeves will lay the ground for cuts to public spending, tax rises and delays to some infrastructure projects as she sets out the dire economic situation the Labour government inherited from the Conservative party.

She is expected to pause work on a string of infrastructure projects on Monday, including Boris Johnson’s plan to build 40 hospitals and the proposed two-mile road tunnel bypassing Stonehenge.