Rachel Reeves LIVE: Chancellor to deliver make-or-break speech as tax rises loom

Rachel Reeves will this evening deliver the annual Mansion House speech, one of the biggest events of the year for the Chancellor.

We know that the Chancellor will announce measures making it easier for people to get a mortgage, in an effort to help people buy a house. She is also expected to confirm that she has abandoned plans to limit how much people can save into a cash ISA, following warnings that this would make it harder for older people in particular to save.

But what everyone will be watching for is any hint about future tax rises, as it becomes increasingly certain that the Chancellor will introduce more increases in her Autumn Budget.

The Chancellor needs to find billions of pounds to pay for Labour's u-turns over winter fuel payments and disability benefits. Transport Secretary Heidi Alexander dropped heavy hints in TV interviews over the weekend that this would mean higher taxes on the wealthy.

And Ms Reeves refused to rule out tax rises in an interview yesterday. Conservative leader Kemi Badenoch said: "Labour are going to raise your taxes, again, to pay for their mistakes. Britain doesn't need more taxes. People are taxed too high already."

But business leaders have warned that tax rises already introduced, including the National Insurance increase in last year's Budget, have made it harder for them to invest and employ staff.

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