Chancellor John Healey is preparing to unveil the first Budget under Andy Burnham’s Labour Government.
The chancellor has warned the public to be prepared for a tough Budget, with many commentators expecting him to announce tax rises.
Mr Healey’s cabinet colleagues will be hoping he will announce spending boosts for their departments.
Rising borrowing costs and international cost-of-living pressures, fuelled by the US war on Iran, means the chancellor faces a difficult task to balance the books.
Here, the Standard looks at the rumours, leaks and speculation ahead of Mr Healey’s big speech.
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Chancellor John Healey is…
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