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For the first time in 14 years, it was a Labour chancellor who delivered the UK budget. And for the first time ever, that chancellor was a woman. But Rachel Reeves faces an almighty task: plugging a £40 billion spending gap in the knowledge that pre-election promises not to raise…

Exclusive: Figures published alongside Budget spark claims UK’s exit from EU is ‘elephant in chancellor’s study’

Chancellor Rachel Reeves said she was ‘fixing the foundations of our economy’ but taxes will rise to their highest levels since the Second World War.

LABOUR tax hikes on employers will cut pay for workers, according to a leading think tank.

Chancellor announces increases in taxation for businesses and the wealthy, and more money for the NHS and schools

The fiscal watchdog said inflation is expected to be 2.6% next year, significantly ahead of a previous prediction of 1.5%.

In the first Labour Budget since 2010 – and the first delivered by a woman – Ms Reeves promised to ‘invest, invest, invest’.

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties

Labour chancellor to deliver budget after speculation over tax rises, debt rule changes and promised end to austerity