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Rachel Reeves tells Sam to prepare for tax rises
The Chancellor tells Sam – on the record – that she is considering tax rises and spending cuts ahead of a critical autumn budget.
In an exclusive interview – her first since being briefed by the OBR on the size of the black hole – Rachel Reeves discusses whether there is a way out or if she’s stuck in a ‘doom loop’.
As she meets with economic leaders at the IMF in Washington – the duo consider the political ramifications and options on the table for her to plug the £20-30 billion gap in the public finances.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.