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Reeves now ditches plans to raise income tax in Budget

November 14, 2025

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The Independent

Rachel Reeves has abandoned plans to break Labour’s manifesto pledge and raise income tax at this month’s Budget, it has been reported.

- CHRISTOPHER MCKEON

Reeves now ditches plans to raise income tax in Budget

The chancellor had been expected to hike income tax in the face of a yawning gap in her spending plans, hinting as recently as Monday that the alternative would be “deep cuts” to public investment.

But the Financial Times has reported that she has now abandoned those plans over fears they could anger both voters and backbench Labour MPs.

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