The long-awaited Labour budget needs to show the party knows what to do with power | Larry Elliott

A strategy of raising taxes, spending and borrowing all at the same time to fund investment has risks, but it has a logic tooReeves: ‘We will match greatest economic moments in Labour history’Labour’s tax rises will not hit workers’ payslips, minister vows‘This is personal’: Reeves reveals her motivationThe long wait is almost over. On Wednesday, for the first time in more than 14 years, a Labour chancellor will have the chance to deliver a budget – and much is riding on what Rachel Reeves comes up with. After a series of unforced errors, the government needs to seize back control of the political narrative.Reeves has said her budget will launch a new era of investment that will rank alongside Labour’s historic reform programmes of the past. She cannot afford the budget to be a dud. Continue reading...