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.

The Prime Minister has insisted the Government will 'keep our manifesto pledges', but R achel Reeves may be considering pushing the freeze beyond its current expiry date of 2028.

As Rachel Reeves prepares for her first Budget with every passing day, another wheel seems to come off her revenue-raising plans. The Chancellor’s squeeze on non-dom status might cost the Treasury money,