5 h. ago Reeves refuses to say she will stick to manifesto pledge on tax rises and insists she must face world ‘as it is’ – UK politics live

Chancellor says she is focused on priorities for British people in pre-budget speech laying ground for expected tax risesBusiness live: UK borrowing costs fall and pound hits six-month lowReeves says welfare needs to be reformed.There is nothing progressive about refusing to reform a system that is leaving one in eight young people out of education, or employment. I put our public finances back on a firm footing, provided an urgent cash injection into a faltering public services and began rebuilding our economy.But since that budget, the world has thrown even more challenges our way. Continue reading...

Politics

14 h. ago Reeves to lay groundwork for tax rises in ‘candid’ speech about budget

Chancellor to promise ‘fairness and opportunity’ but will not repeat manifesto pledge on tax, after PM’s hint at breachRachel Reeves will lay the groundwork for a tax-raising budget that could break Labour’s election promise on income tax, in a major speech in which she will be “candid” about the tough choices ahead.The chancellor will give the speech as the markets open on Tuesday, when she will promise to make fair choices at this month’s budget but decline to repeat her manifesto pledge of no rise in income tax, VAT or national insurance. Continue reading...

Economics

14 h. ago Reeves to promise ‘fairness’ in Budget as income tax hike speculation mounts

No 10 repeatedly refused to say whether Labour’s manifesto pledge not to raise income tax still stands.

Economics

46 h. ago Rachel Reeves' Budget 'will include tax rises to protect £50bn NHS cash boost'

Rachel Reeves is said to have told aides that cutting NHS waiting lists and slashing the national debt are her priorities - but this could involve tax rises despite last year's manifesto pledge

Economics

69 h. ago Starmer to face cabinet backlash if he breaks manifesto pledge on income tax

Senior ministers fear rumoured plans could backfire significantly with already-weary voters

Politics

6 d. ago Keir Starmer REFUSES to rule out breaking Labour's manifesto pledge on tax rises as PM fuels fears of huge Budget raid on workers

The Prime Minister failed to commit to keeping his pre-election vow to not increase National Insurance, income tax, or VAT .

Economics

6 d. ago £50BILLION black hole misery for Reeves: Productivity downgrade blow to Chancellor

The Chancellor is now increasingly likely to have to break Labour 's manifesto pledge not to put up income tax, National Insurance or VAT, said experts.

Economics

1 week ago Rachel Reeves under pressure to target high earners in Budget tax raid

Exclusive: The chancellor is being pushed to break Labour’s manifesto pledge on not raising income tax

Events

1 week ago Desperate Rachel Reeves is 'actively discussing' smashing Labour's manifesto by hiking income tax at Budget as she struggles to fill '£40bn' black hole

Increasing income tax is said to be a 'live debate' between the Chancellor and her aides amid fears she cannot bring in enough cash by solely targeting the 'rich'.

Economics

1 week ago Chancellor Rachel Reeves 'is in active discussions about breaking Labour's manifesto pledge and putting a penny on income tax to fill £30billion budget gap'

The Chancellor is eyeing up a series of tax raids as she seeks to fill a £30billion black hole in the public finances next month.

Economics

1 week ago Rachel Reeves ‘considering breaking Labour manifesto pledge with income tax raid’

Rachel Reeves is reportedly considering raising income tax to help fill an estimated shortfall of between £30bn and £50bn

Politics

1 week ago Rachel Reeves 'considering breaking Labour manifesto pledge with income tax rise at Budget'

Treasury discussions to fill estimated £30billion gap include possibly adding 1p to basic rate or raising higher or additional tax rates

Economics

1 week ago Rachel Reeves 'is considering breaking Labour's manifesto pledge with income tax rise to fill £30billion gap'

The Chancellor is eyeing up a series of tax raids as she seeks to fill a £30billion black hole in the public finances next month.

Economics

3 w. ago Farage to give up Reform’s manifesto pledge for £90bn in tax cuts

Reform UK leader Nigel Farage will promise not to reduce taxes before cutting spending and making savings in the civil service at a major speech next month

Economics