In a marathon 76 minute speech, Rachel Reeves said Labour would fulfil its promise to voters in July's election to invest heavily to 'drive economic growth'.
Conservative leader Rishi Sunak accused Reeves of breaking promises to workers and hobbling economic growth, claiming, 'they're taxing your job, they're taxing your business, they're taxing your savings.'
Labour's first Budget sees the second biggest increase in taxes in UK history, aiming to raise £40bn while not increasing taxes on working people.
Office for Budget Responsibility's assessment suggested the new economic measures 'leave GDP largely unchanged in five years', contrasting Labour's growth ambitions.
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