RACHEL Reeves will unveil her Spring Statement today as the state of the public finances are laid bare.
The Chancellor will deliver a 20-minute assessment on the UK economy – but she has already signalled it won’t be a “tax and spend” event.
The Chancellor spelled out the Spring Statement won’t be the occasion to raise or lower taxes[/caption]
However, she is facing trouble ahead on several fronts with government borrowing higher than predicted and growth expected to plummet.
She will be told that her headroom of around £10billion from last year has been wiped out.
Ms Reeves will deliver the Budget after PMQs in the House of Commons at 12.30pm.
