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REVEALED: Tomorrow's Spring statement has a £45billion black hole. This is what you need to be prepared for

It is going to be bad, very bad. But it could be worse, a lot worse. In tomorrow's Spring Statement, Rachel Reeves will be forced to plug a £15billion gap in the public finances.



The upcoming Spring Statement is expected to reveal a £45 billion shortfall in public finances, potentially requiring significant state spending cuts. This deficit is attributed to overly optimistic productivity growth forecasts by the Office for Budget Responsibility.

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