Sky's Beth Rigby says Rachel Reeves's speech was "really unprecedented" for a chancellor, three weeks before the budget, to set the scene for the British public in such a speech. It will be 'extremely difficult' for the Labour Party which was elected on the promise they wouldn't raise income tax, VAT, and national insurance. #ukeconomy #budget #skynews #labourparty Live updates: https://news.sky.com/story/politics-latest-reeves-rent-mistake-labour-starmer-asylum-budget-tax-farage-reform-12593360 SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales