The chancellor will need to raise taxes by £25bn if she wants to keep spending rising with national income, according to the Institute for Fiscal Studies (IFS).
Major employment reforms promised by Labour will not become law for at least two years, as the government seeks compromise between unions and businesses on measures intended to strengthen workers rights without hindering economic growth.
Robert Jenrick and Kemi Badenoch will battle it out to be the next leader of the Conservative Party after James Cleverly was eliminated from the race.
There were audible gasps from MPs gathered in committee room 14 when the result of the final ballot was read out and the previous frontrunner James Cleverly was knocked out of the race.
Home Secretary Yvette Cooper attended Taylor Swift's concert in London for free using tickets provided to her husband by the megastar's music label Universal, Sky News can reveal.
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