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Chancellor’s statement: Brexit impact on public finances cannot be ignored

The Chancellor reveals plans to tackle £22 billion hole in the economy, but doesn't mention Brexit or the UK's relationship with the EU

In a speech in the House of Commons, Rachel Reeves accused the Conservative Party of "covering up the true state of the public finances" as she revealed the results of a Treasury spending audit which showed a projected overspend of £22 billion by the former Government.

Her plans to tackle the huge hole include cuts to winter fuel payments and infrastructure projects. 

Naomi Smith, CEO of Best for Britain said,

“The Chancellor is accurate in her assessment of the last government’s unforgivable squander but the elephant in the room is the shambolic Brexit deal which will continue to throttle our economy and decimate public finances until it is radically overhauled.”