Rachel Reeves rejects claims of £50bn ‘black hole’ in finances

Rachel Reeves insists Britain is NOT heading for IMF bailout

Rachel Reeves has waved away claims that Britain could be heading for a bailout from the International Monetary Fund (IMF), despite a series of warnings from top economists. Despite warnings rising of a 1976-style crisis, Ms Reeves claimed "serious economists" do not believe this to be a threat.She also downplayed reports she was considering tax raids on property and on banks."A lot of them are talking rubbish, and frankly, a lot of what they're…

Reeves denies Britain is heading for IMF bailout

Chancellor says ‘serious economists’ dispute that 1970s-style debt crisis will happen

Rachel Reeves rejects claims of £50bn ‘black hole’ in finances

The chancellor hit back at the idea that the government faces so large a gap between spending and tax income.

UK Chancellor Reeves waves off £50 billion budget deficit forecast

United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves dismissed concerns from Britain's National Institute of Economic and Social Research (NIESR) that the UK government may need to dip into International Monetary Fund (IMF) funding pools in the future if Parliament can't sort out its budge

Reeves rejects claims of £50bn ‘black hole’ in finances – Mnnofa

Rachel Reeves has rejected forecasts of a £50bn “black hole” in the public finances, despite higher borrowing costs and expected tax rises piling pressure on the chancellor ahead of the autumn Budget. In an exclusive interview with the BBC, Reeves hit back at reports speculating over her plans, arguing that “a lot of them are talking rubbish”. The cost of long-term government borrowing rose to a 27-year high on Tuesday, fuelling concerns the cha…