Ms Reeves is widely believed to be opposed to its extension, which would saddle most home buyers with an extra £2,500 to pay and cause “chaos” in the real estate markett. Nine out of ten houses would fall into the tax trap, compared to six out of ten currently.

Increase the cap on bus fares

Money raised: £300 million
Cost to you: up to £1 each way

Passengers currently benefit from a £2 cap on bus fares, which the Conservatives have implemented until the end of 2024.

However, Sir Keir Starmer announced on Monday that this increase to £3 in budget until the end of 2025. This will lead to higher rates, but could also cost the taxpayer around £300m next year.

Increase fuel taxes

Money raised: £4.2 billion
Cost to you: £175

The duties apply to fueling vehicles and heating your home. It is already included in the price and is charged in addition to VAT.

A temporary cut announced by then-Prime Minister Rishi Sunak in 2022 saw pump prices fall, but Ms Reeves is said to be considering a rate rise.

This could rise to 7p if, as expected, the decline is reversed and inflationary rises are restored for the first time since 2011.

According to the Campaign for Better Transport, this would generate £4.2 billion in extra taxes.

Increase “sin taxes”

Money raised: up to £3.7 billion
Cost to you: up to 5p a pint

The chancellor is reportedly considering a £2.9bn raid on the games industry, with suggestions from the Institute for Public Policy Research being seriously considered behind the scenes.

Among its recommendations is doubling machine gaming obligations, which experts say could “destroy the British seaside”. Casinos, bookmakers and remote gaming sites could also be affected by this increase.

Alcohol taxes could also be subject to an increase. It is already rising with the Retail Price Index (RPI), unless the Chancellor freezes it, which happened between 2020 and 2023.

The chancellor has already received a forecast from the OBR that an increase would generate an extra £800m, but industry experts say it would turn away customers and harm both pubs and jobs. The tobacco tax would also be considered as part of a collective “sin tax.”