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Sir Keir Starmer will also commit to ensuring such a move is not vetoed by a neighbouring country, according to multiple reports.

The Prime Minister sat down with ITV on Thursday to defend claims he had made about Sir Keir Starmer’s tax plans.

During a visit to Essex, shadow pensions secretary Liz Kendall claimed the Conservatives have worsened the quality of retirement.

The legal action was connected to claims over the leak of a controversial internal report on antisemitism in the party.

The party said the number of over- 65s paying income tax has almost doubled, from 4.5 million in 2009/10, to 8.5 million in 2023/24.

Faiza Shaheen confirmed her plans to contest the seat of Chingford and Woodford Green on July 4.

Labour leader Sir Keir Starmer said Rishi Sunak ‘lied deliberately’ about a Tory analysis suggesting households would face £2,000 tax rises.

"It's clearly unacceptable to present your own analysis as the conclusions of independent civil servants when it's not."

The shadow chancellor said Anas Sarwar had clearly set out Labour’s fiscal policy.