Reeves begs ministers to rein in spending to help ease public finances

Rachel Reeves is begging ministers to rein in spending as Brits face the mounting threat of tax hikes at the Budget.

The Chancellor has written to colleagues warning that they will not be bailed out by the Treasury if they fail to control costs.

The letter came as businesses voiced alarm that they will be targeted again amid fears Ms Reeves faces a black hole of up to £50billion on the public finances.

The CBI warned that Labour would be better off smashing its manifesto pledges against increasing income tax, employee national insurance, or VAT.

The slowing economy, rising debt interest costs and calls for more spending have left the government under massive pressure ahead of the Budget on November 26.

Reeves begs ministers to rein in spending to help ease public finances

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