Ben Chaplin, managing director at Croner-i, publisher of Accountancy Daily, said: ‘We can expect Labour to move quickly when it comes to setting the financial agenda for the new government.

‘They’ve committed to one major fiscal event a year “giving families and businesses due warning of tax and spending policies’’.

‘It’s likely that we will see the UK’s first ever female Chancellor Rachel Reeves present her first Budget in just ten weeks.’

C