High street shops could be in line for a tax discount as Rachel Reeves pushes to help with the cost of living in the upcoming Budget.

The Chancellor is expected to hike taxes by billions of pounds in order to balance the books, a move which could leave most people paying more of their income to the Exchequer.

But allies say she is also keen to bring down inflation so that workers’ earnings go further, with food and energy prices the Government’s top targets. New Feature

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Reeves wrote to Cabinet colleagues in September warning they must “take action to reduce inflation and reduce the cost of living”, and met senior ministers last week to press them on their progress.

The Treasury is understood to be considering the introduction of d

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