The shadow chief secretary to the Treasury, Rachel Reeves, has accused the government of failing to cut inefficiency and borrowing.
Former pensions spokesperson Reeves also highlighted instances of "questionable spending" at the Ministry of Defence (MoD) and other departments. Addressing the Institute of Public Policy Research (IPPR) today, Reeves said: "[The government] said it would cut borrowing, but they are borrowing £158bn more than they planned." As the government today announced public spending in January was in its highest surplus in four years, Reeves claimed spending is still higher and tax revenues lower than the government planned. "The Chancellor might claim to be on track when today's public sect...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes