Labour challenges Sajid Javid to rule out tax cuts and deregulation for finance sector in spending review

The weeks since Boris Johnson took over as prime minister have seen a succession of spending promises, including:- additional money for schools totalling £14 billion over the next three years;But Mr Javid has said there will be no"blank cheque" for departments and the Treasury says this spending round will take place under the previous government’s fiscal rules, which targeted a 2 per cent deficit in 2020/21.

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