Chancellor Rachel Reeves claims “black hole” in public finances is “unsustainable”. She said, “left unchecked it would be financial stability at risk”.
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00:00And this afternoon, the Chair of the Office for Budget Responsibility
00:03has confirmed that he only learnt about the full scale of these issues last week
00:07when he was informed by the Treasury.
00:09The black hole in the public finances is not sustainable.
00:13Left unchecked, it would put financial stability at risk.
00:16It would see debt rising and it would mean higher costs in the future.
00:20I have always been honest with the British people
00:23that I will never make promises without saying where the money is going to come from.
00:26If we cannot afford it, we cannot do it.