It’s the moment we’ve been waiting 800 years for – the first Budget delivered by a female chancellor of the Exchequer. A historic moment in our nation’s proud history. So, naturally, there’s every chance we might spoil it.
Whichever way you slice it, the numbers are likely to be painful. Rachel Reeves is faced with finding what the Treasury says is a £40bn gap in day-to-day spending requirements and savings to fill the £22bn “black hole” Labour claim the previous government left behind. Her first big set piece in government looks likely to paint a picture of economic doom and gloom.
