Reeves hit by ANOTHER budget nightmare

Rachel Reeves’ ballooning fiscal black hole is set to deepen as the fiscal watchdog hands the Chancellor its final productivity forecast on Friday. The Treasury is already battling to contain public finances after a U-turn on welfare reforms ruined hopes of £5bn in savings, and a £190bn spending splurge on government departments helped erode the Chancellor’s wafer-thin £9.9bn fiscal headroom. Reeves has consistently doubled down on her “iron clad” fiscal rules to fund day-to-day public spending through tax receipts. Read more at the link in the description 🔗 #uk #news #budget #reeves #politics