The Labour Government must be “transparent” about donations and free gifts, the Chancellor has said.

Rachel Reeves was speaking after it emerged Sir Keir Starmer and his wife had accepted thousands of pounds in clothes from Lord Alli, a millionaire donor.

Ms Reeves also accepted £7,500 in clothing from one of her friends for during the election campaign.

Asked about the clothes she received, she told Sky News: “I really appreciated that support. It made a big difference to me. It was never something that I planned to continue in government as Chancellor.

“And that’s not something I’ll be doing, but I was grateful for that support and politicians and political campaigns do rely on donations. But I do get people’s concerns about it and it’s why I think it’s so important that politicians are always transparent and declare things that they get support with.

“I don’t begrudge people going to watch a football match or going to a concert, but I think it is so important that things are done transparently, and that now in government we hold ourselves to the highest possible standards.”