Prime Minister Sir Keir Starmer and Chancellor of the Exchequer Rachel Reeves are understood to have abandoned plans to raise income tax at the Budget Temilade Adelaja/PA
The Chancellor has abandoned plans to hike income tax at the Budget because of improved economic forecasting.
Rachel Reeves 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.
