Rachel Reeves’ biggest controversy is yet to come

Rachel Reeves wakes to mixed headlines today after she announced a range of spending cuts to part fill a £22 billion ‘shortfall’ in public spending for this year alone. The Chancellor accused the Tories of spending money they did not have in government and going more than six billion pounds over budget on asylum. These claims have been rubbished by the former chancellor Jeremy Hunt who in turn suggests that Reeves is indulging in political theatre having been reluctant to openly talk about tax rises and difficult spending choices in the election.

The most controversial move by Reeves on Monday was her decision to axe the winter fuel benefit for pensioners not eligible for benefits. That saves £1.5 billion but has already been blasted by Martin Lewis and Age UK as a blunt measure that will hurt those on modest pensions who struggle to make ends meet.