Live: Chancellor Rachel Reeves sets out Labour’s plan for economic growth

Rachel Reeves is set to announce the “very tough decisions” the Treasury will take to address a public spending black hole of around £20 billion in the government accounts. In a speech in the House of Commons, the chancellor will accuse the previous Conservative government of “covering up the true state of the public finances” as she revealed the results of the Treasury spending audit she commissioned. Watch more on Independent TV: The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded. Subscribe: Find us on social: TikTok / @independent Instagram / X (Twitter) / Facebook / Download the iOS & Android app: Sign up to our newsle