Published On Jul 29, 2024
The Chancellor Rachel Reeves has told MPs the Government has inherited a £22 billion overspend from the Tories - and set out plans to reduce the deficit over the next two years.
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She accused the previous Government of continuing to make unfunded commitments "knowing the money was not there".
Among the cutbacks she announced - restricting winter fuel payments so only the poorest pensioners are eligible, and scrapping the plan to cap social care charges.
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