Claim: There's a £22 billion black hole in the economy.
Fact-check: Prime Minister's Questions 9 October 2024: fact checked - Full Fact
Verdict: this figure comes from a treasury public spending audit released in july, which found a forecast overspend on departmental spending in the current year, beyond the totals set under the spring budget. the institute for fiscal studies said many of the challenges labour outlined were "entirely predictable", but also that the financial pressures faced by the government do "genuinely appear to be greater than could be discerned from the outside".
Organisation: Full Fact
Author: Unknown
Date published: 2024-10-09T00:00:00