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Prime Minister Keir Starmer has denied he or his Chancellor misled the Cabinet on the state of the public finances ahead of the Budget. Rachel Reeves is under mounting pressure over the frenzied speculation ahead of last month’s statement . ‌

In the run up to the Budget, Reeves made a speech painting a gloomy picture of the economy and the challenges facing the country. Income tax rate rises were floated as a way of getting the UK back on track, but in the end the black hole was much smaller than feared. It emerged over the weekend that Reeves was aware of the rosier outlook after learning of more positive forecasts by the OBR watchdog. ‌

She and the PM have been accused of misleading the public and unnecessarily raising taxes to fund a welfare splurge. In a s

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