Rachel Reeves is under fire from Labour backbenchers who have said her Budget is “impossible to sell” to “horrified” constituents.The Chancellor had promised that her maiden Budget would boost growth and “fix the foundations” of the economy.

Britain's new finance minister Rachel Reeves announced the biggest tax increases in three decades in her first budget on Wednesday, saying she had to repair the country's broken public services with heavy spending.

Reeves announced a £22.6 billion increase in the day-to-day health budget, and a £31 billion increase in the capital budget, which she said is the largest increase in spending – outside the pandemic – since 2010. By submitting your information you agree to the Terms & Conditions and Privacy Policy and are aged 16 or over.

The armed forces are in line for a £3 billion boost, according to reports, which will be used to give soldiers a pay rise backdated to April, and to buy weapons, with the aim of replenishing stockpiles depleted by donations to Ukraine.

Rachel Reeves will promise to put ‘more pounds in people’s pockets’ despite a series of tax rises expected when she becomes the first female chancellor to deliver a Budget

Rachel Reeves has attempted to distance herself from previous promises not to raise taxes as she defended her bombshell budget.

UK welfare spending will be allowed to rise significantly this parliament after chancellor Rachel Reeves loosened a target on overall outlays, reducing pressure on the Labour government to make sharp cuts to benefits.

Chancellor Rachel Reeves has faced an angry backlash over her commitment in June that the only increases needed were in the Labour manifesto.