Overview

• Reeves will unveil a £20bn shortfall in public finances, blaming previous Conservative policies.
• Key infrastructure projects, including the Stonehenge tunnel and Thames Crossing, may be postponed.
• Public sector workers are expected to receive a 5.5% pay rise, costing up to £10bn.
• Potential tax changes could target pensions, capital gains, and inheritance to raise funds.
• Labour aims to balance the books without raising income tax, VAT, or National Insurance.