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Rachel Reeves is set to gamble billions more of taxpayers’ money in a bid to shore up Britain’s crippled public finances.

The Chancellor may even flagrantly break Labour’s flagship manifesto promise not to raise the rate of income tax .

The odds shortened on that happening when Ms Reeves made clear in a pre-Budget speech in Downing Street that she was ready to drive a coach and horses through the party’s manifesto rather than cut capital spending, break her fiscal rules or fiddle the Budget figures.

Such a move would be a mega-high political risk for an unpopular Governm

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