Rachel Reeves expected to reveal £20bn shortfall in public finances

Chancellor may raise some taxes in the autumn due to what Labour describes as its shocking inheritance' from Tories

Rachel Reeves is expected to reveal a 20bn hole in government spending for essential public services on Monday, paving the way for potential tax rises in the autumn budget.

Labour sources said the blame lay with the Tory government, describing it as a shocking inheritance" and accusing the former chancellor of presiding over a black hole and still campaigning for tax cuts".