£20bn Black Hole: Who do you believe? Feat. Marina Purkiss & Salma Shah | Jeremy Vine

Published 2024-07-29
Chancellor Rachel Reeves is set to announce immediate government cuts in an attempt to plug a £20bn black hole in the finances - which she claims was covered up by the previous government.

It's thought that she will take immediate action to pause projects like the tunnel under Stonehenge and Boris Johnson's 40 new hospitals programme.

But the former Chanceller, conservative Jeremy Hunt, says the message was designed to 'con the British public' so that Labour can raise taxes.

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All Comments (21)
  • @ONeill01
    Labour were already aware prior to the election; OBR, IFS, Owen Jones and Ash Sarkar all knew of the £22million blackhole prior to the election - IFS found Labours and Tories policies inadequate to cover the blackhole. There was omerta of silence from the media and Labour, Tories about this.
  • @bigdaz7272
    We can't put the Toffs in Prison for their crimes that just isn't Cricket xD
  • @12bigredd
    amazing the attention all the right wing client media is giving too goverment spendings lol where were these questions the last 14 years
  • @davidfoster2006
    10 billion pay rise for public sector workers, 11.6 billion for the foreign aid budget, and free food and warm accommodation for the asylum seekers, and some not so well off pensioners can freeze.
  • @falkland
    In my city, there was this 130m project that was on hold since 2021.It was given a green light days after the announcement of the election! I wonder how many more projects like this got approved just around a similar timeline.
  • @TheLukeLambert
    That Salma really needs to show her sponsors on her lapel if she's going to be coming on here spouting this nonsense.
  • @silvermoonuk
    I would imagine that disabled/poorly people will sadly the cuts again. It is always the poor people or disabled that sadly gets affected by these cuts or tax rises
  • @nickwhite1513
    Hunt cited the IFS and the OBR in his defence of his incompetence/mendacity (delete as appropriate). Both of those bodies are now saying Reeves was right, and right to be angry (which showed at times in her statement).
  • @nizviz
    They can easily find an £11k rise for Doctors pay.
  • @garyhaynes2433
    Look at the people are coming into this country stop supporting them look at a People that are on the dole Never done a days work look at them I think you to save money there
  • The crucial issue seems to be that's it's within this year shortfall not over the whole planning period.