The chancellor opens her historic budget speech by saying that in the July 4 general election “the country voted for change” and that the Labor Party was given a mandate to “restore stability to our country and begin a decade of national renewal “.

Rachel Reeves continues to launch Labor slogans, saying they will “lay the foundations and deliver change through responsible leadership in the national interest”.

He goes on to say that the change promised by Labor “must be felt”, with “more pounds in people’s pockets”, an NHS that works and “an economy that is growing, creating wealth and opportunity for all”.

“The only way to boost economic growth is to invest, invest, invest,” he declares, adding that to generate investments, it is necessary to “reestablish economic stability and turn the page on the last 14 years.”

“We will rebuild Britain”

Ms Reeves says the Labor Party “rebuilt our country from the rubble of the Second World War”, did it again in 1997 and will do it today.

“And while this is the first budget in more than 14 years to be delivered by a Labor chancellor, it is also the first budget in our country’s history to be delivered by a woman,” she says.