Sir Keir Starmer today pushed back at economists' claims that Labour is facing a £50billion black hole in the public finances.

The Prime Minister said he didn't recognise 'some of the figures that are being put out' amid suggestions that Rachel Reeves is on track to miss one of her fiscal rules.

But he refused to rule out further tax hikes when the Chancellor delivers her Budget in the autumn.

Sir Keir said Ms Reeves would focus on 'living standards' and 'making sure that people feel better off' in Labour's next fiscal package.

The PM spoke following a leading think tank's warning that Labour will soon need to raise taxes again.