British public warned of $28bn financial black hole

Rachel Reeves has accused the Conservatives of ?ducking? hard choices and running tens of billions of pounds over budget

UK public spending is on track to go Pound 22 billion ($28 billion) over budget by this year due to Tory financial mismanagement, the new Chancellor of the Exchequer, Rachel Reeves, told parliament on Monday.

Reeves took over as finance chief after Labour won a landslide