Ms Rayner says the trust was set up in 2020 to manage compensation paid to her son “following a deeply personal and distressing incident” when he was a premature baby that left him with “life-long disabilities”.

Ms Rayner’s admission followed mounting pressure and media reports claiming she saved £40,000 on the property in Hove, East Sussex, by removing her name from the deeds of a family home in her Ashton-under-Lyne constituency.

Deputy PM Angela Rayner's political future hangs in the balance amid an ethics probe into her admission she underpaid stamp duty on the seaside home in Hove