Like Reeves, Bell doesn't have many practical suggestions for boosting growth, but has eye-watering plans to hike tax after tax after tax. This goes way beyond anything Reeves has done. Bell has called on Reeves to launch another inheritance tax (IHT) blitz by scrapping the £175,000 residence nil-rate band altogether.

Pensions minister Torsten Bell (pictured), who has just arrived at the Treasury, has previously questioned the sustainability of the triple lock.

The Chancellor delivered the largest tax-raising Budget in history, clobbering businesses, motorists, farmers and pension savers with a £40 million raid.

UK chancellor Rachel Reeves has shrugged off calls for her resignation, insisting to MPs that her economic plans can deliver an “immense” prize and defending her visit to China last week.

The chancellor is caught in a credibility trap, where abiding by one promise made in the name of credibility undermines another. The government’s credibility relies on incredible promises that cannot be met.

Keir Starmer gave his beleaguered chancellor the vote of confidence on Monday morning, but if he decided on a change in the Treasury who could replace her?

Tories claim improvements to the school which educated two of Keir Starmer’s cabinet ministers would not have been allowed by Labour’s education reforms

As ye sow, so shall ye reap. One reasonably reliable rule of economics is that markets will eventually always find you out. It’s taken just six short months for this to happen to Labour, with its fairytale promise to end austerity in public services without having to raise taxes on working people.

The majority of Labour figures rallied around Reeves on Tuesday as she defended her plans against a backdrop of economic turbulence

Rachel Reeves shrugged off Tory calls for her resignation as she faced MPs after a turbulent week, which saw volatility in the pound and the cost of Government borrowing soar

A rout in UK bonds has evoked memories of the market crisis during Liz Truss’s calamitous premiership and raised questions over Chancellor of the Exchequer Rachel Reeves’ budget plans.

Kemi Badenoch attempted to put Labour on the back foot on the economy - only to have her party's dire 14-year record thrown back at her. Here The Mirror looks at some highlights