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Reeves eyeing £40bn in tax rises and spending cuts

Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.
Top stories - BBC News - October 16
McKinsey Cuts Hundreds From China Workforce

The consulting firm is cutting back on state-linked clients and is working to separate its China operations
Business - The Wall Street Journal - October 17
Ministers complain to Starmer over spending cuts

Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.
Top stories - BBC News - October 17

Reeves eyeing £40bn in tax rises and spending cuts