With Rishi Sunak set to deliver the UK government’s Autumn Budget statement in a month (27 October), Nigel May, a tax partner at accountancy firm MHA, believes the Chancellor will be reluctant to introduce major tax bombshells.

Mr May nonetheless predicts a "rabbit out of a hat" moment.

Having already introduced two major tax hikes in the past 18 months – the increase in corporation tax from 19 to 25 percent, and the Health and Social Care Levy proposals (HSCL) – that "run contrary ...