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Reeves fighting claims she 'lied' about deficit - as Starmer set to back the budget
Prime Minister Starmer backs Reeves’ Budget despite criticism over deficit forecasts, with the Office for Budget Responsibility indicating a £4.2bn surplus by late October.
- On Friday, the Office for Budget Responsibility published a letter revealing forecasts it submitted to the Treasury in the 10 weeks before last week's Budget, prompting claims Rachel Reeves, Chancellor of the Exchequer, "lied" about the finances.
- The Office for Budget Responsibility told the chancellor on September 17 that rising wages and inflation reduced the shortfall, and in October the public finances moved to a 4 surplus.
- Pre-Budget messaging to markets and media framed an argument for raising revenues as Ms Reeves emphasised weaker productivity at a November 4 Downing Street dawn news conference, while the Financial Times was briefed about a 20 billion hit after the Treasury knew forecasts had improved.
- Planned Sunday media appearances include Ms Reeves facing scrutiny on her pre-Budget statements, while opposition urges the FCA to investigate and Kemi Badenoch said Reeves had lied and should be sacked.
- The Treasury faces fresh questions about transparency in the run-up to the Budget, while The Sun's Saturday front page amplified political pressure and concerns over public trust and market confidence.
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Reeves fighting claims she 'lied' about deficit - as Starmer set to back her budget
The chancellor is under pressure after Treasury forecasters revealed public finances showed a £4.2bn surplus, while Rachel Reeves was pointing to a significant black hole that she needed to fill in this week's package of measures.
·United Kingdom
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Coverage Details
Total News Sources9
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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