Rachel Reeves Faces £20bn Fiscal Gap, Plans Delays to Major Projects
The Chancellor is set to announce delays to key infrastructure and hospital projects while committing to above-inflation public sector pay rises.
- Reeves will unveil a £20bn shortfall in public finances, blaming previous Conservative policies.
- Key infrastructure projects, including the Stonehenge tunnel and Thames Crossing, may be postponed.
- Public sector workers are expected to receive a 5.5% pay rise, costing up to £10bn.
- Potential tax changes could target pensions, capital gains, and inheritance to raise funds.
- Labour aims to balance the books without raising income tax, VAT, or National Insurance.
The Telegraph The Telegraph 
The Guardian 
The Independent The Telegraph 
BBC The Independent The Independent The Telegraph The Telegraph 
Evening Standard The Independent 
Sky News The Guardian 
CNBC The Independent Sky News The Independent Sky News Evening Standard The Telegraph Evening Standard 
Breitbart Evening Standard The Independent Sky News BBC Evening Standard The Guardian The Telegraph 
