Rachel Reeves LIVE: Chancellor braces for bombshell report on UK economy

A major report projecting the UK's economic growth rate will be published this morning. It comes ahead of the Government's autumn Budget statement in November, with Chancellor Rachel Reeves under pressure to further raise taxes to help balance the books.

The Organisation of Economic Co-operation and Development's (OECD) economic outlook interim report is published twice a year. It analyses the major global economic trends and prospects for the next two years. The outlook projects output, employment, Government spending, prices, and current balances based on a review of each member country. UK inflation continues to rise as the impact of last year's autumn Budget policies drives up business costs, which is now filtering down to Brits' pockets. The Chancellor is faced with a challenging outlook, as prices are expected to increase even more.

The report will be published at 10am on Tuesday.