The chart that reveals the Budget’s real winners – and who will be hit hardest

Chancellor Rachel Reeves announced rapid spending growth this year and next year, but current plans imply further cuts after 2025, economists have warned (Justin Tallis/PA) - (PA Wire)

Rachel Reeves appeared to win few plaudits for Wednesday’s Budget, which analysis suggests will lead to a decade of higher tax for Britons.

But one chart which appeared to go largely under the radar shows that most earners will be better off, with only the wealthiest 10 per cent losing out.