Reeves did not say that she is definitely going to blow up what remains of Labour’s political credibility, but it was very clear that the great betrayal of voters’ trust is in the post. In a highly-unusual pre-Budget speech from Downing Street, she told the country that “each of us must do our bit”.

Jeremy Kyle was so bored of Chancellor Rachel Reeves ’ latest budget speech that he began to eat biscuits and sip tea halfway through – and at one point even interrupted to sing a song. The TalkTV anchor had to be reminded he was live on-air while the Chancellor “droned on”, as he suggested cutting to an ad break midway through.

Currently, those over the age of 55 can take 25 per cent of their pension pot tax-free up to a £268,275 cap. There are concerns this could be slashed in the Budget.

Inheritance tax changes announced by Chancellor Rachel Reeves have been branded "inhumane" by pension experts, who warn bereaved families could be hit with financial penalties if they fail to act quickly after a death.