Rachel Reeves paves way for cuts and tax rises to fill shortfall left by Tories

Chancellor will announce pause in work on a number of infrastructure projects, saying Conservatives ‘covered up’ true state of finances

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Rachel Reeves will lay the ground for cuts to public spending, tax rises and delays to some infrastructure projects as she sets out the dire economic situation the Labour government inherited from the Conservative party.

She is expected to pause work on a string of infrastructure projects on Monday, including Boris Johnson’s plan to build 40 hospitals and the proposed two-mile road tunnel bypassing Stonehenge.