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Evening Standard
Evening Standard
Business
David Hughes

Reeves heads into Budget with public finances in challenging state – Streeting

Rachel Reeves Wes Streeting Budget Economy G7 Sky News
Chancellor of the Exchequer Rachel Reeves is due to deliver the Budget on November 26 (Joe Giddens/PA) - (PA Wire)

The public finances are in a “challenging state”, a senior Cabinet minister has acknowledged amid speculation Rachel Reeves could hit the wealthy with tax hikes in the Budget.

Health Secretary Wes Streeting admitted there were issues with the economy and said households were also feeling the squeeze.

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