Political Fix

Labour confronts £20bn black hole

Jul 26, 2024
Rachel Reeves, the UK's chancellor, discusses the daunting £20 billion financial shortfall that may lead to tax increases. George Parker, political editor at the Financial Times, along with Stephen Bush and Robert Shrimsley, analyze government options amid this uncertainty. Gill Plimmer highlights the controversial cancellation of the HS2 rail link and its far-reaching implications for transportation and regional economies. The conversation sheds light on the delicate balance between fiscal responsibility and public expectations.
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