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Millions of UK households potentially face a tax raid later this month.

Chancellor Rachel Reeves will announce her long-awaited Budget on November 26.

It has been widely reported income tax could be hiked for millions of Brits, which would break a Labour manifesto pledge.

READ MORE: HMRC confirms the state pensioners who will have £300 deducted from bank accounts

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The Chancellor has heavily hinted she will be increasing taxes in some form.

Families have just over two weeks to find out how their bank balances will be impacted by the Chancellor's changes.

There have been reports suggesting income tax could go up while National Insurance goes down to target pensioners while protecting workers.

Ms Reev

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