Labour plans to axe all hereditary peers from the House of Lords, reports have suggested.

But the 92 hereditary lords who sit in Parliament’s upper chamber would still be allowed to retain their access to the Palace of Westminster as a sweetener, the Financial Times has reported.

This would allow them to still enjoy access to Parliament’s bars and subsidised restaurants.

Labour has previously vowed to abolish the unelected upper chamber of Parliament, with Sir Keir Starmer having branded it “undemocratic”.