The Chancellor is expected to commit to the previous Tory government’s plans to save the sum by reforming work capability rules.

With the Autumn Budget less than two weeks away, speculation about which taxes Chancellor Rachel Reeves will opt to raise has reached fever pitch. On entering No 11 Downing Street, Reeves commissioned the Treasury to conduct a thorough spending audit,

Rachel Reeves has sparked a rush on gold as wealthy households race to save their money from a tax raid at this month’s Budget. The Royal Mint reported sales of gold coins, which are exempt from capital gains tax,