The thresholds at which people pay income tax will be frozen until the end of the 2030/31 financial year it was revealed in the Budget, longer than most experts predicted.

Rachel Reeves’ second Budget will be published today after some weeks of leaks and u-turns.

Proposals for softening the Budget crackdown on non-dom individuals have failed to reverse the wave of departures of wealthy people from the UK, according to a new report.