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The sums that might fill Rachel Reeves’ £30bn black hole
Posted
October 29, 2025
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October 29, 2025
6,769
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22:41Now PlayingThe Chancellor’s on manoeuvres – talking in a new interview about “necessary choices” around the budget. Rachel Reeves says she needs to be “candid” and doesn’t want to “simply accept” forecasts – but to “defy them”.
With four weeks to go to the budget, Sam Coates and Anne McElvoy ponder what she might be up to. They also have some sums on how the government might fill a black hole coming in above £30bn. Will Labour manifesto pledges be breached?
Elsewhere, Keir Starmer chooses a Labour veteran to lead their election campaigns next May. Spencer Livermore will take on the task.
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