Chancellor Rachel Reeves will today (29 July) pledge to “fix the foundations of our economy”, paving the way for potential tax hikes in the autumn.
Having commissioned the Office for Budget Responsibility to carry out an assessment of the previous government's spending immediately after she set foot into Number 11, Reeves will today accuse her conservative predecessors of "covering up the true state of the public finances" from the British public. "They ran away. I will never do that," Reeves will tell Parliament, according to a Treasury spokesperson. Today, the chancellor will also confirm that she has commissioned an OBR forecast to coincide with a Budget and spending review due to be held later this year. In an attempt t...
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