by Pippa Crerar Political editor on (#6RG48)
Chancellor's words will be interpreted as signal she will not give in to ministers over cuts she imposes in budgetRachel Reeves has told the cabinet that the UK still faces a 100bn black hole in the public finances over the next five years amid concerns that ministers are yet to grasp the full scale of the fiscal deficit ahead.At a meeting of the political cabinet, the chancellor said the 22bn gap this year - which the government has blamed on their poor economic inheritance from the Tories - would be a recurring cost each year of this parliament. Continue reading...