The Chancellor is set to hit aristocrats and other wealthy property owners with a £1 billion inheritance tax raid in her Budget. Rachel Reeves is looking at reforming business relief, a loophole which allows the rich to halve their inheritance tax bills.

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

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.”