Rachel Reeves will next week highlight figures showing a tougher picture than Osborne received in 2010
Reeves expected to reveal £20bn shortfall
Rachel Reeves is preparing to announce Treasury analysis of Labour’s spending inheritance from the Conservatives in parliament on Monday to highlight why she will need to make “tough decisions” in her autumn budget.
The chancellor’s audit is expected to show £20bn in commitments left unaccounted for by the previous government, building on a narrative that the Tories have left Labour with the “worst set of circumstances since the second world war”.