Rachel Reeves to unveil broke Britain dossier as Jeremy Hunt hits back with tax scam claim [Video]

Rachel Reeves is to lay bare the scale of Labour’s dire economic inheritance from the Conservatives on Monday, in a speech which could lay the ground for tax hikes and spending cuts in the chancellor’s first budget.

She is expected to tell parliament that Rishi Sunak’s party left a £20bn black hole in the public finances, including making significant funding commitments this year with no idea how they would be paid for.

The government said the assessment will show that “Britain is broke and broken” and will reveal “the mess that populist politics has made of the economy and public services”. It will set the stage for “difficult decisions” to be taken “to start to rebuild the country”.

But former chancellor Jeremy Huntsaid the books have been “wide open”, accusing …