Rachel Reeves braces Britain for hefty Budget tax rises by warning of need to understand ‘circumstances we’re facing’

Possible measures are said to include higher council tax bands for expensive properties, a mansion tax for homes worth more than £2 million, a further freeze on income tax thresholds, reducing relief on pension contributions, higher levies on unearned income such as shares and rent for landlords, and increased tax on accountants and lawyers who who use limited liability partnerships.