Chancellor to address Labour members but says UK must balance the books

Q: You have to raise another £16.5 or £17bn this year in spending cuts or tax rises to fill the black hole in the budget, based on the figures you presented to parliament in July.

Reeves says the figures do move around, but she does not contest the broad point Robinson is making.

We’re doing the spending review in two parts. There will be the settlement for next year, made on October the 30th at the budget, and then next spring, we’ll be doing the settlements for the next two years.