Speculation is rife as the Chancellor prepares to deliver her Budget

ACHEL Reeves will deliver her Budget tomorrow after a whirlwind of speculation about which taxes she will hike to help balance the books.

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Here we look at some of the measures the Chancellor might announce as she seeks to fill a black hole in the public finances and build up a bigger buffer so she does not have to keep coming back for more taxpayers’ cash.

Income tax: After a press conference and behind-the-scenes briefings aimed at preparing the country for a manifesto-busting increase in income tax, Ms Reeves then abandoned the idea of becoming the first Chancellor in half a century to take that step.

The measure was dropped from the “hokey cokey Budget”, as Speaker Sir Lindsay Hoyle described it, after the Treasury apparently received forecasts from the Budget watchdog which were not quite as grim as first feared.