Chancellor Rachel Reeves has announced a series of "incredibly tough choices" in a speech in the House of Commons on Monday, while warning of further "difficult decisions".
She said there is a £22 billion hole in the public finances, which she firmly blamed on the former Conservative government, saying they overspent this year’s budgets by billions of pounds after making a series of "unfunded commitments".
You can read more here: https://www.itv.com/news/2024-07-29/chancellor-rachel-reeves-announces-financial-statement
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