The claim the chancellor didn't know there was a big black hole in the public finances will raise some eyebrows, writes Laith Khalaf
It looks like Rachel Reeves has that 'kitchen sinking' feeling. This is par for the course for new brooms in government as in business. It makes sense to get the bad news out as soon as possible, putting the blame on your predecessor and painting a brave new vision for the future, after some painful medicine has been administered. The claim the chancellor didn't know there was a big black hole in the public finances will raise some eyebrows, as this is the worst-kept secret in government. The Institute for Fiscal Studies, in particular, has been pointing this out for some time, acc...
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