Rachel Reeves has borrowed the language of the former Tory chancellor George Osborne to say her first Budget will be for “strivers” as her party faced a deepening row over the definition of “working people”.

Labour waited and worked a long time to get back into power. And Rachel Reeves has waited a long time for this moment, to give a Budget statement as chancellor in her dream job. The girl who saved her 20p holiday money, rather than spend it at the toy shop, now in deciding what to save and spend for us all.

“It’s a hold your breath Budget for small businesses,” Jo Foster, an entrepreneur from Richmond, told the Yorkshire Post.

Rachel Reeves claimed her Budget was for strivers as she tried to draw a line under a furious row over Labour’s definition of working people. The chancellor, who is expected to raise taxes on Wednesday,

Rachel Reeves drew cheers from investors at a British Embassy reception in Washington this week when she pointed out the budget she’ll deliver on Oct. 30 will be the first by a female Chancellor of the Exchequer in the 800-year history of the role.

Here we go again! It seems incredible that we are about to face another Budget, only seven months after the last one. What should we look out for? In her first Budget, the new Chancellor will want to achieve multiple objectives.

The chancellor will be looking to plug a £22 billion "black hole" in the nation's finances and has said she will be making some "hard but fair" decisions amid speculation around potential tax rises