Downing Street Blames Tory 'Lies' For Rachel Reeves Plan To Raise £40 Billion In Budget

Jeremy Hunt and his Treasury team have been accused of covering up a £22 billion black hole in the nation’s finances before the general election, with Labour planning to raise £40 billion in the upcoming Budget through tax hikes and spending cuts. The Tories have been criticized for leaving unfunded spending commitments, prompting difficult decisions on spending, welfare, and tax. The chancellor is facing backlash over plans to increase National Insurance rates, breaking Labour’s pledge not to raise NI, income tax, or VAT.

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