Rachel Reeves tells Sam to prepare for tax rises

The Chancellor tells Sam – on the record – that she is considering tax rises and spending cuts ahead of a critical autumn budget. 
 
In an exclusive interview – her first since being briefed by the OBR on the size of the black hole – Rachel Reeves discusses whether there is a way out or if she’s stuck in a ‘doom loop’. 
 
As she meets with economic leaders at the IMF in Washington – the duo consider the political ramifications and options on the table for her to plug the £20-30 billion gap in the public finances.