The Chancellor refused to rule out further tax hikes in her next Budget, saying "there are costs" to the Government's policies.

Rachel Reeves has said she was ‘clearly upset’ during Prime Minister’s Questions on Wednesday, but felt it was her job to be on the front bench. The Chancellor spoke out for the first time since breaking down in tears as Conservative leader Kemi Badenoch faced off against Sir Keir Starmer in the House of Commons.

Rachel Reeves has said she had had "a tough day" and had been "clearly upset", as she gave her first interview since crying in the House of Commons on Wednesday. She did not go into details behind the incident saying she had been dealing with "a personal issue" adding: "Today's a new day and I'm just cracking on with the job.