The Chancellor is due to give a speech in Downing Street this morning ahead of the Autumn Statement later this month.
Rachel Reeves will promise a Budget of "fairness and opportunity" amid mounting speculation that she is preparing to hike income tax to plug a hole in the public finances.
She is expected to say she will "make the choices necessary to deliver strong foundations for our economy" for "years to come".
The speech is a bid to roll the pitch for a difficult autumn statement on November 26, in which the Chancellor is widely expected to raise taxes to balance the books in the face of weak growth and higher borrowing costs.
• Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj
• Get breaking news and more stories at http://www.itv.com/news
Follow ITV News on TikTok https://www.tiktok.com/@itvnews?lang=en
Follow ITV News on Instagram: https://www.instagram.com/itvnews/
Follow ITV News on Facebook: https://www.facebook.com/itvnews/
Follow ITV News on X: https://twitter.com/itvnews
