Budget 2024: Labour Chancellor Rachel Reeves big bang tax, borrow and spend gamble risks backfiring [Video]

The Chancellor will next Wednesday, October 30, unveil a string of tax rises, billions of pounds of cuts to some public spending, and tens of billions of investment in infrastructure projects funded by more borrowing after loosening her debt fiscal rule, which has sparked fears of higher mortgage rates.

So the Budget is going to be a big fiscal event economically, and the politics may be even bigger, and this is from a Government just months into office.

But this was his sixth Budget.

At the time, Mr Brown insisted that not a penny more would go to the NHS until reforms were underway so less money was wasted.

Twenty-two years later, that same debate rages over NHS funding and productivity.

New Health Secretary Wes Streeting talks a good game on reform, and appears serious about it.

But it took years for the Blair Government to find out how government works, or possibly more significantly does not work.

Sir Keir …