UK faces £100bn black hole
This is a news story, published by Guardian, that relates primarily to Treasury news.
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current spendingGuardian
•Rachel Reeves tells cabinet UK still faces £100bn black hole over next five years
76% Informative
Ministers have pushed back against some of the cuts demanded of them, in particular to in-year capital spending.
The chancellor said the 22bn gap this year would be a recurring cost each year of this parliament.
Treasury sources said it was a conservative estimate of the amount of money needed to cover the cost of areas including public sector pay.
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