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

Deputy Prime Minister Angela Rayner is at risk of a fine from the tax authorities in addition to having to pay an additional £40,000 in underpaid stamp duty, tax experts have said.