Some Westminster chatter suggests Reeves could increase income tax by 2p while cutting National Insurance by the same amount, allowing her to argue that technically taxes haven’t been raised on working people – but the public may not see it that way.

An MP says the farmers he has met “have been in tears” about plans to axe inheritance tax relief. Exchequer secretary to the Treasury, Dan Tomlinson, announced in the House of Commons that an estimated 500 farms nationwide will be affected by the family farms tax, which is set to start from April next year.

Parents are racing to organise financial gifts and inheritance arrangements ahead of an anticipated tax raid in the Budget

Inheritance tax changes announced by Chancellor Rachel Reeves have been branded "inhumane" by pension experts, who warn bereaved families could be hit with financial penalties if they fail to act quickly after a death.

Every one of these options is on the table, and Reeves may have a few stealthy surprises up her sleeve. Other possibilities include hiking fuel duty or slapping a 20% exit tax on