Rachel Reeves has been warned of the “perilous” impact of increasing pensions and capital gains taxes, as economists claimed this would damage living standards, discourage saving and harm growth...

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.

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,

Rachel Reeves is considering increasing alcohol duties in next month’s Budget.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.