Tax, spending and investment: Where the Budget ranks in history

The UK is set for sustained levels of tax, spending and investment not seen for many years (Alamy/PA) - (Alamy/PA)

Rachel Reeves’s second Budget as Chancellor has set the UK on a path towards levels of tax, spending and investment not seen for many years, according to the latest economic forecasts.

Here the PA news agency looks at what those forecasts suggest about the likely future of the country’s finances – and how they compare with decades gone by.