The Chancellor could be prosecuted for market abuse, Kemi Badenoch has claimed as she came face-to-face with the Prime Minister for the first time since the Budget was announced.

Rachel Reeves has faced accusations she misled voters by overstating the scale of the fiscal challenge in the run-up to last week’s Budget, in which she announced £26 billion of tax rises.

She has also reportedly been accused of misleading the Cabinet.

Sir Keir Starmer hit back at the Conservative leader during Prime Minister’s Questions on Wednesday, telling the Commons she is “completely losing the plot”.

He also referred to the Office for Budget Responsibility’s (OBR) suggestion that Ms Reeves’s messaging in the weeks before the statement was “not inconsistent” with analysis it shared with her.

The Prime M

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