Labour’s manifesto pledged not to raise income tax rates. Last year, Ms Reeves appeared to agree, saying: “People on average earnings are paying more in tax because they are dragged into higher tax brackets. That is a sign of failure. The government is picking the pockets of working people.”

Chancellor Rachel Reeves is reportedly considering changes to inheritance tax that could impact middle-class homeowners, experts warn. The potential alterations, which may include raising the headline rate or lowering thresholds,

Rachel Reeves intends to increase inheritance tax as part of a scramble to raise as much as £35 billion in this month’s Budget. The Chancellor is reportedly considering a string of changes to the tax, which is typically charged at 40 per cent on assets above a £325,000 threshold when a person dies.

Chancellor is looking at raising the seven-year rule to ten years - here's how it could hit your financial plans

Chancellor Rachel Reeves is reportedly planning to launch an inheritance tax raid in the Budget, potentially by changing the key thresholds or other reliefs.

Inheritance Tax is charged at a rate of 40% and is applied against the value of the estate of the person who has died - but very few people end up having to pay it

“While the RNRB provides an extra relief of value to many families as house prices have risen, it has been criticised for discriminating against those who don’t have children or who simply choose to leave their main residence to someone who isn’t a direct descendant.

UK chancellor considers extending ‘seven year rule’ on gift giving to 10 years among other reforms

Millions of families face soaring holiday costs as Rachel Reeves's Budget plans include inflation-busting hikes in Air Passenger Duty.

As Budget day looms, there has been much speculation on the potential tax rises Chancellor Rachel Reeves could go ahead with to fill the £22billion black hole in public's finances. GB News has provided a round-up of what Britons should be on the look out for,