Chancellor could cut cap on untaxed withdrawals as she battles $50bn gap in public finances

Higher-value homes in the crosshairs as Chancellor looks for ways to balance books

Chancellor could cut cap on untaxed withdrawals as she battles $50bn gap in public finances

Currently, pensioners can take out a quarter of their pension pot tax-free, with a cap of £268,000 – but that could change as Reeves attempts to claw back billions

Treasury insiders say extending income tax threshold freeze is a leading option to plug a fiscal black hole