The police, councils and courts could be hammered by cash cuts

DESPITE Labour's promise to end Conservative austerity and invest in public services, this week's spike in Government borrowing costs may force Rachel Reeves to tear up her plans.

- By Christian Calgie Senior Political Correspondent

The Chancellor's self-imposed "fiscal rule" of abolishing the current deficit by 2029-30 means any extra money spent on the UK's enormous debt burden must be made up for with either spending cuts or higher taxes.