Rachel Reeves used her Budget to ramp up taxes on workers, savers, drivers and landlords in order to spend more on benefits – with more than 10 million people now now paying higher income tax thanks to years of stealth increases.

The Chancellor increased tax by a total of £26bn and pledged to spend another £11bn, mostly on welfare measures including the end of the two-child benefits cap. The overall tax burden will hit its highest level on record by 2031, at more than 38 per cent of GDP.

The tax raid was intended to minimise the risk that she will again face a black hole in the public finances in future – although she admitted she could not rule out increasing taxes next year . New Feature

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The Budget’s single biggest move was to

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