2h ago
09.24 GMT
Rachel
Reeves told it would be ‘politically suicidal’ to impose further cuts as
economy falters
Good
morning. Rachel Reeves, the chancellor, is back from her trip to China and,
according to Politico, she will make a statement in the Commons. This will
allow her to address the criticism she has been facing about the rise in
government borrowing costs, and what this means for her spending plans. Reading
some of the Tory papers this morning you would think she is on the point of
being sacked. This is more partisan wishful-thinking than objective
truth-telling, but Reeves is is definitely in some difficulty, because she
promised growth and events are not going as planned.
As Pippa
Crerar and Jessica Elgot report, with the rise in borrowing costs putting the
government at risk of breaking its fiscal rules, the Treasury is looking at
potential cuts to balance the books.
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