Chancellor tells parliamentary party they will not like every measure but promised budget will be ‘fair’

Rachel Reeves has privately urged Labour MPs to back her make-or-break budget, saying they will not like every measure but promising it will be “fair.”

Speaking to a fractious parliamentary party, after a fortnight of leadership speculation, the chancellor said “politics is a team sport” and promised them there would be a package of appealing measures in the budget that they could promise their constituents.