Rachel Reeves is set to hit millions of people in Britain with tax rises in her Budget.

The Chancellor recently did a screeching U-turn on her plan to break the flagship tax pledge in Labour ’s manifesto in order to raise the rate of income tax.

Instead, she is now expected to announce a broader range of tax changes in the Budget on November 26 than initially planned as she seeks to plug a shortfall of around £20 billion.

London and the South East are set to be hardest hit.

Homeowners in the capital face being targeted with a “mansion tax” , or possibly with the Treasury raking in more cash from higher council tax bands F, G and H.

Nearly 500,000 people in London and the wider South East are also due to be dragged into paying the higher rate of income tax under another tw

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