Chancellor Rachel Reeves accused of cooking up desperate war on waste to cover up Budget blunders fallout

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THE Chancellor has been accused of ­cooking up a desperate war on waste to cover up her Budget blunders fallout.

Rachel Reeves will lead a drive to tackle waste and inefficiency across the ­public sector.

Rachel Reeves at the China-UK Financial Services Summit.
Rachel Reeves has been accused of ­cooking up a desperate war on waste to cover up her Budget blunders fallout

But the Tories blasted the move as a political stunt to mask spiralling debt and a series of economic own goals.

Adding to the pressure, a Deloitte survey showed ­business confidence among top finance chiefs has slumped to a two-year low.

Firms are slashing spending and freezing hiring in response to Labour’s national insurance raid.

The study found 64 per cent of CFOs expect recruitment to shrink, with cost-cutting their top priority.

Shadow business secretary Andrew Griffith told The Sun: “The war on waste is a ­desperate stunt.

“While the Chancellor’s been clocking up her air miles, it’s not just the weather that is giving Britain the chills.

“Businesses, pensioners and families are all having a bleak time as a result of her Budget.

“If Rachel Reeves was remotely serious about a war on waste, she certainly wouldn’t have to go far.

“Ed Miliband’s madcap energy spending, David Lammy paying billions to give away Chagos, or Angela ­Rayner encouraging civil servants to work from home.”

It comes after a bad week for Ms Reeves as high borrowing costs wiped out a chunk of her £40billion tax rises.

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In a bid to regain control, Treasury chief secretary ­Darren Jones insisted the war on waste was necessary to repair years of mismanagement.

He said government departments were bloated and new ways of ­saving cash were needed.

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