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World

Is Rachel Reeves really worried about a fiscal black hole?

30 July 2024

3:17 AM

30 July 2024

3:17 AM

There is one over-arching question hanging over Rachel Reeves’s speech today, in which she claimed that a £21.9 billion hole has opened up in the current political spending for this financial year: why, if there is such a large ‘black hole’ in the public finances, is there suddenly money available for £9.4

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