Budget reaction LIVE: Starmer and Reeves defend record tax-rises on hospital visit [Video]

Bad news for train commuters into London.

Chancellor Rachel Reeves confirmed in the Budget that regulated fares, which include season tickets, are set to go up by 4.6 per cent.

Asked if he preferred Chancellor Rachel Reeves’ Budget or Liz Truss’ mini-budget, former chancellor Jeremy Hunt said: “I actually like neither.

“I was the person who reversed the decisions made in the mini-budget, but I will say this, at least Liz Truss wanted to grow the economy and said so explicitly.

“What we had yesterday is a Budget where the Government’s official forecaster said the impact would be lower growth. It will mean fewer jobs, lower investment.

“We were promised the most pro-growth Government in history, but in just 17 weeks we have ended up with German taxes and French labour laws, higher taxes, higher mortgages, less investment, lower wages, …