Chancellor Rachel Reeves is set to mount one of the biggest raids in history when she gets to her feet in the Commons at 12.30pm.
Follow all the on a momentous Budget day on the MailOnline live blog Rachel Reeves will deliver a massive £35billion 'tax bomb' Budget that could define the Labour government today.
Ms Reeves will argue that the Tories left public services in tatters and more funding is essential - even though critics say much of the gap is down to bumper public sector pay deals she signed off. Extraordinarily, despite the looming pain Ms Reeves pointed to a 6.7 per cent increase in the minimum wage to claim she is 'putting pounds in people's pockets'.
Business are already up in arms over her decision to focus tax hikes on employers, including a £20billion hit to NICs. Alexandra Hall-Chen, of the Institute of Directors, said the minimum wage had risen nearly a third in two years.
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