Rachel Reeves is poised to launch the biggest Budget tax raid in history. The Chancellor’s maiden Budget later this month will involve as much as £35 billion of tax rises – the most on record in cash terms – as she protects her commitment to ending “austerity” and attempts to ensure departments avoid real-terms cuts in spending.

The chancellor has emphasised the need to fill the apparent £22bn hole in the nation's finances. Sky News takes a look at what levers she could pull to fill the gap.

Rachel Reeves is aiming to raise £40 billion in tax rises and spending cuts in the Budget, it has emerged. The chancellor hopes that filling Treasury coffers with the huge sum will avoid a return to the austerity of the Tory years.