Spending Watchdog Backs Up Labour's Claim Tories Left A Black Hole In Public Finances

Rachel Reeves, along with her ministerial team, revealed that the Office for Budget Responsibility confirmed Labour’s claim of a £22 billion “black hole” in government finances left by the previous Conservative government. The OBR stated that the Tories had not disclosed £9.5 billion of net pressures on department budgets for 2024-5, leading to inaccurate spending plans. Reeves used this information in her Budget announcement to criticize the Conservatives, while outgoing Tory leader Rishi Sunak accused her of politicizing the OBR and defended his government’s economic record.

Full Article