Employers' NI will rise by 13.8% to 15% and will be liable on employee earnings above £5,000 from April, down from £9,100 at present.

To soften the blow of the Employers NI rise, the employment allowance will increase from £5,000 to £10,500 which Ms Reeves said would exempt thousands of small firms - with typically four or fewer workers - from Employers' NI

The tax paid by private equity investors on their share of profits from completed deals will go up from 28% to 32% from April

The main rate of Corporation Tax, paid on taxable profits over £250,000, will stay at 25% until the next election

As promised in the Labour manifesto, rates of income tax and NI paid by employees, and VAT, will remain unchanged although VAT will be applied to private school fees from January

Mrs Reeves ruled out extending the current income tax threshold freeze from 2028 to 2030, as some had predicted in a move designed to ease pensioners' concerns about paying much more tax

Capital gains tax on profits from selling shares will rise from 10% to 18% and the higher rate will go up from 20% to 24%

The Inheritance tax threshold freeze was extended by a further two years to 2030 and pension pots will be subject to IHT tax from 2027

The ISA allowance will remain at £20,000 until April 2030.