Chancellor Rachel Reeves unveiled a sweeping fiscal plan featuring billions in tax rises, following proposals from Centax for a £26bn tax raid on high earners.

Capital gains tax is reportedly the leading candidate for a rate hike in the upcoming October Budget as insiders weigh options to rebuild fiscal headroom.

Prime Minister Andy Burnham is planning a significant overhaul of the tax system, targeting property wealth and capital gains to balance national finances.

Renewed questions have emerged regarding Andy Burnham’s past use of parliamentary expenses to acquire a London flat that he continues to own and rent out. Critics argue this history conflicts with his current policy positions on housing and taxation.