Tuesday briefing: What Rachel Reeves’ ‘tough choices’ mean for Britain

Rachel Reeves in her office at no 11 Downing Street, London, ahead of her statement to the House of Commons on the findings of the Treasury audit into the state of the public finances. Photograph: Jordan Pettitt/PA

Good morning.

During the election campaign, Labour said economic growth would fund their pledges, despite warnings from economists that their sums did not add up. Many said that the next government would have to either cut spending, raise taxes, or abandon certain pledges. That prediction seems to be coming to bear.