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Rachel Reeves has vowed to make “fair and necessary choices” in the Budget, despite being widely expected to introduce a series of tax rises.

The Chancellor insisted she will use her second Budget on Wednesday to introduce measures to tackle the cost-of-living crisis , as the beleaguered Government hopes to keep backbench Labour MPs on side.

But Ms Reeves has also vowed to reduce the costs of Government debt , and is expected to take steps to increase the leeway above her borrowing plans, as she attempts to maintain fiscal credibility.

“Today I will take the fair and necessary choices to deliver on our promise of change,” Ms Reeves said ahead of the Budget .

She added: “I will not return Britain back to austerity, nor will I lose control of public spending with r

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