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Reeves’s tax-raising budget is crash-landing on an economy that is struggling for growth

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Bond vigilantes may be reassured but the jury is out for households and businesses

For a Labour voter who nodded off at the moment of the exit poll for last year’s general election, and woke up blinking in Wednesday’s wintry sunshine 16 months later, Rachel Reeves’s budget would have kindled a warm glow.

A mansion tax of sorts, the end of the two-child limit on benefits, more money for the NHS, and jam today for households via cheaper utility bills.

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