Article 6RDK9 Labour warned £22bn shortfall will last years without higher taxes or cuts

Labour warned £22bn shortfall will last years without higher taxes or cuts

by
Richard Partington Economics correspondent
from on (#6RDK9)

Resolution Foundation says overspend chancellor claims she inherited will persist unless tough choices are made

Rachel Reeves has been warned that most of the 22bn shortfall in the public finances Labour claims was covered up by the Conservatives will continue to hang over the government by the end of the decade.

In a downbeat report before the chancellor's budget later this month, the Resolution Foundation said as much as 19bn of the shortfall would persist until 2029-2030 unless Reeves took action to raise taxes or cut spending.

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