Britain’s Labour government said it was making “difficult decisions” concerning the budget, including cutting some road and rail projects and pension benefits, after accusing its predecessor, the Conservative Party, of leaving the country’s finances in a mess.
Rachel Reeves, the chancellor of the Exchequer, said on Monday that there was a hole of 22 billion pounds (about $28 billion) in the country’s coffers this year because spending needs had exceeded expected revenue.
Ms. Reeves accused the Conservative Party of making spending commitments on plans such as road repairs and building new hospitals “knowing the money wasn’t there.” Some of those plans would scrapped or reviewed.
“The scale of this overspend is not sustainable,” Ms. Reeves told lawmakers in Parliament.
She will present a full budget to lawmakers at the end of October.
Persons:
Rachel Reeves, Reeves, Ms
Organizations:
Labour, Conservative Party
Locations:
Rwanda