Rachel Reeves has announced billions of pounds in spending cuts, after ordering the Treasury to carry out an audit of the UK’s public finances. The Chancellor said her aim was to “expose the scale of what has been uncovered” after Labour came to power, pointing to a £22 billion black hole left by the previous government. She then set out Labour’s “immediate action” to deal with it, including cancellation and delays of major infrastructure projects, before turning to the Government’s longer-term plans to fix “the foundations of our economy”. Here is a quick look at the headline announcements fr…