No 10 publishes list of 34 new political peerages including 25 Labour, five Liberal Democrats and three Conservatives – UK politics live

Downing Street publishes list including ex-Olympic swimmer Sharron Davies and Iceland supermarket chief Richard Walker

Reeves is now being asked about the leak to the Financial Times on 13 November saying that Reeves had dropped plans to raise income tax in the budget.

Reeves claims some aspects of the story were misleading.