How could Reeves increase income tax in her Budget and what would it mean for you?
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How could Reeves increase income tax in her Budget  and what would it mean for you?
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"The government is expected to break Labour's manifesto pledge not to raise income tax. The Chancellor, Rachel Reeves, has told the Office for Budget Responsibility (OBR) that she intends to increase personal tax in one of several major measures planned for the Budget at the end of the month, according to The Times. The watchdog will produce an impact assessment of the chancellor's proposals to be presented to the Treasury on Monday, ahead of the Budget on 26 November."
"Lucy Powell, the newly elected Labour deputy leader, has urged the government not to hike taxes at the upcoming Budget, warning that doing so could damage trust in politics. But amid speculation that Ms Reeves is plotting to take the plunge, The Independent takes a look at what her options are when it comes to income tax, and what they could mean for you."
Independent journalism covers issues from reproductive rights and climate change to Big Tech, emphasizing on-the-ground reporting and investigation. Donations enable journalists to report from both sides of developing stories while avoiding paywalls so reporting remains accessible. The government is expected to break Labour's manifesto pledge not to raise income tax. Chancellor Rachel Reeves has told the Office for Budget Responsibility that she intends to increase personal tax among measures in the upcoming Budget. The OBR will produce an impact assessment for the Treasury ahead of the 26 November Budget. Labour deputy leader Lucy Powell warned that tax hikes could damage political trust amid speculation about proposed income-tax changes.
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