As the October 30 Budget looms, Rob Wood, chief UK economist at Pantheon Macroeconomics, stressed that Ms Reeves will need to spend more than the one per cent year-over-year real public spending increases which had been pencilled in by her predecessor Jeremy Hunt.

Rachel Reeves is considering increasing alcohol duties at next month’s Budge t. The Chancellor has not ruled out putting up tax on beer, wine and spirits as part of efforts to plug what Labour claims is a £22 billion hole in the public finances.

HMRC has raked in an extra £300m for inheritance tax - sparking fears Rachel Reeves will "no doubt" target the levy in the forthcoming Autumn Statement. Chancellor Reeves, from the Labour Party government,

An expected tax increase in the budget is likely to see landlords rushing to sell their homes before the new rule comes in. Property analysts and tax experts have predicted that an increase in capital gains tax (CGT) would see landlords quickly selling up to avoid increasing their tax bill by up to £16,