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Reeves moves fast to tackle £22bn budget shortfall ‘covered up’ by Tories

Reeves moves fast to tackle £22bn budget shortfall ‘covered up’ by Tories

Rachel Reeves has cut winter fuel payments for 10 million wealthier pensioners as she sought to plug a £22bn black hole in the public finances she said was “covered up” by the Conservative government, while hinting at tax rises in her first autumn budget.

The chancellor also shelved the long-delayed cap on what people would pay for social care as she ignited a bonfire of Tory policies she said would be needed to deal with the deficit,…


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PARIS, FRANCE - JULY 29: Silver medalist Jagger Eaton of Team United States (R) and Bronze medalist Nyjah Huston of Team United States (L) pose on the podium uring the Men's Street Finals on day three of the Olympic Games Paris 2024 at Place de la Concorde on July 29, 2024 in Paris, France. (Photo by Cameron Spencer/Getty Images)

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