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Rachel Reeves to abandon plans to raise income tax rates in budget

14.11.2025 02:19 | The Guardian World

Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turnRachel Reeves looks set to abandon raising income tax in her budget with the chancellor reportedly “ripping up” the main measures in her plan in the wake of turmoil in the party.A source told the Guardian that plans to break the manifesto pledge on income tax had been ditched by the prime minister, Keir Starmer, and the chancellor. Continue reading...

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