Rachel Reeves is unlikely to raise the basic rates of income tax and national insurance in order to avoid breaking a promise to protect "working people" in the budget. It comes as Sky News has obtained an internal definition of "working people" used by the Treasury. Officials have been tasked with protecting the income of the lower two-thirds of working people, meaning in theory people earning more than around £46,000 could face a squeeze in the budget. However, this is likely to rule out