ECONOMY

year taboo by raising income tax in her Budget?

At a near dawn news conference in Downing Street, Chancellor Rachel Reeves set out the case for hard choices in three weeks, breaking the usual pre Budget silence to prepare the ground for possible tax rises. Her remarks revived talk of the 50 year tax taboo on lifting the basic rate of income tax, even as Labour’s manifesto promise not to raise National Insurance income tax rates or VAT was read back to her. Reeves called it a courtesy to outline the trade offs now; final decisions will come at month’s end amid broad expectation that taxes will rise.

Reviewed by JQJO team

#tax #budget #economy #finance #government