Prime Minister Sir Keir Starmer is set to hammer savings and wealth with brutal tax hikes that could target mostly older people, an expert has warned.

Since taking office, Sir Keir and Chancellor Rachel Reeves have claimed that the previous Conservative government has left behind a £22billion ‘black hole’ in the public finances.

As a result, the Prime Minister has warned the British public that October’s budget will be “painful.”

He said: “I will be honest with you, there is a budget coming in…