By Andrew Marr

I’ve been covering these things since the early 1980s and never before has an entire Budget been leaked ahead of time, as the Office for Budget Responsibility has.

It wasn’t the Chancellor‘s fault, and indeed it may even have helped her, because as Rachel Reeves stood up in the Commons, she was blazing with anger at the leak; and her anger gave her an energy and momentum which took her through.

But there is no doubt that it added, dramatically, to the air of incompetence hanging over Westminster on this bright November day.

And the Budget itself? Clearly, a Labour Budget by a Labour Chancellor – or put it another way, a relatively traditional tax-and-spend Budget.

The markets, having panicked when the leak came out, quickly stabilised and seem, so far, to be relatively relaxed. The Chancellor had raised taxes by a little more than twice the amount of extra spending she revealed, giving her much bigger leeway,........

© LBC