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UK households are likely to be hit with tax rises during November as Rachel Reeves announces her Budget.

It's a huge month for the nation's finances and families will soon find out how they will be impacted.

Speculation is growing that the Chancellor will announce tax rises in some form.

READ MORE: HMRC deducting £300 from state pensioners' bank accounts from Saturday

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Ms Reeves could even break a Labour manifesto promise by hiking income tax.

Both the Chancellor and Prime Minister have refused to rule this out.

It remains to be seen the scale of any tax rises and how many households will be impacted.

Other reports have suggested income tax could go up while National Insurance goes down to target p

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