CGT

The chancellor has announced the rate at which CGT is charged will go up, from 10% to 18% for basic rate taxpayers, and 20% to 24% for those who pay at the higher rate.

Although she is not subject to CGT now, the next step in her career would be to become a partner at her firm, which would involve her buying shares in the company - which may later be subject to CGT if she were to sell them.

However, there has been speculation Reeves could increase CGT - charged on profits from the sale of assets like second homes - and also freeze the income tax threshold beyond 2028, potentially dragging more workers into the higher tax bands.

They say this can benefit wealthier people and Reeves could opt to level the playing field or cut some CGT tax breaks for businesses.

Industry groups have warned that increasing CGT could hit those at the centre of Labour's plans to grow the economy.