No 10 denies Reeves misled over black hole as OBR letter challenges warnings

Evening Standard 2025-11-28

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The Chancellor did not mislead the public or markets when she warned of difficult decisions needed to fill a black hole in the public finances, Downing Street has said.There were warnings ahead of the Budget that Rachel Reeves could face as much as a £20 billion gap in meeting her self-imposed fiscal rule of not borrowing for day-to-day spending.

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