Rachel Reeves is set to unveil her second, much-anticipated UK budget in the House of Commons on Wednesday.

The chancellor told MPs on Monday night that the Budget will focus on three priorities: “Cutting the cost of living, cutting NHS waiting lists and cutting the cost of debt.”

In a last minute call for unity, Reeves suggested that Labour backbenchers are likely to be content with 95% of the Budget, but she also hinted at difficult political decisions yet to be announced.

She also described the Budget as a “package” not a “pick ‘n’ mix”, and she urged her fellow Labour MPs to back the whole thing rather than single out parts they dislike for criticism.

There is wide speculation that Labour is planning to raise taxes on Wednesday in an effort to bridge a multibillion-pound gap in Gov

See Full Page