Rachel Reeves expected to reveal public finance shortfall of billions

Chancellor Rachel Reeves has confirmed she will reveal a Treasury audit of public spending pressures inherited by the new government, which could see claims of a "black hole" worth tens of billions of pounds.Attending the G20 finance ministers summit in Rio de Janeiro, the chancellor said the statement to Parliament on Monday would show “honesty” about the scale of the challenge faced by Labour.She vowed to "fix…