Reeves will use tax rises and increased borrowing to ‘invest, invest, invest’

Chancellor Rachel Reeves leaves 11 Downing Street with her ministerial red box before delivering her Budget in the Houses of Parliament (Jordan Pettitt/PA) - (PA Wire)

Rachel Reeves will raise taxes and increase borrowing as she promises to “invest, invest, invest” to “rebuild Britain”.

The UK’s first female chancellor will deliver the first Labour budget since Alistair Darling in 2010, promising to put “more pounds in people’s pockets”.