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Rachel Reeves could launch a tax taid on three professions in the Autumn Budget. The Labour Party Chancellor Ms Reeves will reportedly launch a "£2billion tax raid on doctors, lawyers and accountants as she targets the wealthy in her Budget".

The Chancellor is expected to use the upcoming Budget to introduce a new levy on those operating through limited liability partnerships.

LLP’s are not currently subject to national insurance; a new tax could be levied at a slightly lower rate than the employers’ rate of national insurance according to ‘The State of It’ podcast from The Times and The Sunday Times.

READ MORE Rachel Reeves 'looking at' pay-per-mile car tax for 1.3 million drivers

Lawyers, GPs and fund managers, who often belong to LLPs, are likely to be hardest-hit by

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