The latest HMRC data shows a 36% increase in people liable for CGT since 2019/20.

The net cost of pension tax relief to the Treasury was £48.3 billion for 2021/22.

The 'lifetime' pension provider proposals were first mentioned in last year's Autumn Statement.

The Government also increased the VAT registration threshold from £85,000 to £90,000.

The latest reduction follows a cut from 12% to 10% announced at the Autumn Statement last year.

The government will remove the specialist tax rules for furnished holiday let properties and the purchase of multiple dwellings.