Therese Coffey fails to say how government will pay for ‘£60bn black hole’ laid out by IFS

Therese Coffey failed to lay out any government plans for how it will pay for a £60bn “black hole” identified by the Institute for Fiscal Studies (IFS) following the mini-budget.

The IFS has warned that the chancellor must find millions in spending cuts “to stabilise debt as a fraction of national income in 2026-7.”

When asked how the government would fill the “black hole,” the health secretary said: “That’s not for me to say. That’s their forecasts. The chancellor will be speaking at the end of the month with the medium-term fiscal plan.”

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