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

<p>Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turn</p><p>Rachel Reeves is set to abandon a plan to raise income tax in her budget with the chancellor reportedly “ripping up” the main measures in the wake of turmoil in the party.</p><p>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.</p> <a href="https://www.theguardian.com/uk-news/2025/nov/14/rachel-reeves-to-abandon-plans-to-raise-income-tax-rates-in-budget">Continue reading...</a>