Rachel Reeves will deliver the first Labour budget in 14 years on Wednesday after weeks of speculation over tax increases, changes to the government’s debt rules and a promise to bring an end to austerity.
The chancellor has said she will focus on three priorities: protecting working people, fixing the NHS and rebuilding Britain. However, the government has warned the public to expect “painful” decisions because of what Labour has termed a dire economic inheritance left by the Conservatives.
