The Conservatives will push for a Commons vote in the autumn budget to rule out rises in property taxes. An Opposition Day debate on Wednesday will examine reports that the Chancellor could scrap private residence relief. Housing Secretary Sir James Cleverly said ‘a family home is not a piggy bank to raid’, as the party signals it wants to prevent changes to capital gains tax on homes and other levies on family residences, including higher council tax or a new annual property levy. They also urged ministers not to introduce a land value tax or relax inheritance tax rules, for example by changing the seven-year gift rule.

Last month the NIESR think tank said Ms Reeves faced a £41 billion shortfall in her plan to balance day-to-day spending with tax receipts in 2029-30 (about €48.0 billion). The figure has fed speculation about how revenue could be raised, with changes to inheritance tax among the measures discussed. Under current rules, gifts made more than seven years before death are exempt from inheritance tax.

In a second motion, the Conservatives will condemn what they call catastrophic decisions affecting hospitality, such as cuts to business rate relief and an increase in employer national insurance. They will press ministers to publish a dedicated strategy for the sector and to consult hospitality employers before any changes to the National Living Wage. Cleverly also said: ‘A family home is not a piggy bank for Labour to raid. Parents who want to help their children on to the housing ladder should be encouraged, not punished, and no household should face an annual levy simply for living in the home they have worked hard to build.’ Shadow business secretary Andrew Griffith said Labour’s policies were ‘driving Britain’s pubs, restaurants and hotels to the wall’, adding: ‘These choices will cost jobs and shut young and vulnerable people out of work.’ A government spokesperson said they would respond in due course.