Rachel Reeves will unveil £15billion of extra benefits spending in Wednesday's Budget, it has been reported. The Chancellor is expected to fund the move by a tax raid on the middle classes.

The Chancellor will end the two-child benefit cap in its entirety and increase benefit payments by nearly 4%, while financing her U-turn on winter fuel cuts and welfare reform.

Reeves set to tax 100,000 aspirational homeowners

Approximately nine million people are expected to be affected by the freezing of income tax thresholds, resulting in higher rates of income tax, a move critics argue breaks Labour’s election manifesto pledges.

The yearly cost of the four policies amounts to £15 billion, which totals an extra £18 billion to the benefits bill when added to last year's budget announcements, ac

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