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.

Chancellor Rachel Reeves is considering increasing alcohol duties in next month's Budget. She has not ruled out increasing tax on beer, wine and spirits because of efforts to fill what Labour has said is a £22 billion hole in public finances, The Telegraph reports.

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,