Everything you need to know about Rachel Reeves £5.5 billion public spending cuts

Rachel Reeves announced spending cuts worth £5.5bn as the new government seeks to address a £22bn blackhole in the public finances. In a statement to the House of Commons, the Chancellor said the “inheritance from the previous government is unforgivable”. “They spent like there’s no tomorrow because they knew someone else would pick up the bill,” she said. For more on the story 👇 https://www.cityam.com/rachel-reeves-reveals-plans-to-cut-spending-by-5-5bn-and-address-unforgivable-inheritance/ Get more of City A.M. 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam Produced by: Joe Lee, Chris Dorrell, Larissa Howie #politics #ukpolitics #politicsnews #rachelreeves #economy #ukeconomy #news #trendingnews #newsexplained #explainer #westmminster #labourparty #costofliving