Keir Starmer and Rachel Reeves are said to have started holding meetings on how to fill a black hole in the public finances estimated at up to £50billion.

Chancellor on course to miss targets and spending promises as finances plunge deeper into the red

Leading economists say the chancellor may have to raise taxes, cut public spending or tear up her fiscal rules

Rachel Reeves will have to increase taxes substantially this autumn to fill a £50billion black hole, economists warned last night.

Labour’s pledge not to raise taxes on ‘working people’ leaves the chancellor with a limited number of workable options to fill a massive black hole in the public finances

Sir Keir Starmer defended the government's handling of the economy but failed to answer a question about taxes.

PM declines to say whether Government will increase VAT, income tax or corporation tax in autumn Budget

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.

Labour prime pledged that plans to be set out in the autumn would make ‘sure people feel better off’

Prime Minister Keir Starmer on Wednesday refused to rule out hikes to VAT, income tax and corporation tax.

Keir Starmer and Rachel Reeves are said to have started holding meetings on how to fill a black hole in the public finances estimated at up to £50billion.

Labour is laying the ground for tax reforms this autumn that could spell misery for millions.

The Tory leader says Rachel Reeves saw property as a 'cash machine' to plug the gap in the public finances.