Reeves expressed shock and anger at the evidence of fiscal incontinence that had come to light, highlighting the immediate challenges she faced as chancellor.
The timing of the election and the need to run her decisions past the Office for Budget Responsibility mean Reeves's first budget will take place almost four months after the election.
Reeves considers raising capital gains tax to 39% as part of her strategy, indicating a willingness to tackle the fiscal challenges inherited from the previous government.
The plan had been for the 30 October budget to mark Labour's shift towards a positive vision of growth, though it reflected a tougher reality.
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