Budget 2025: Starmer and Reeves ditch plans to raise income tax

Business

Sir Keir Starmer and Rachel Reeves have scrapped plans to break their manifesto pledge and raise income tax rates in a massive U-turn less than two weeks from the budget. The decision, first reported in the Financial Times , comes after a bruising few days which has brought about a change of heart in Downing Street. The prime minister has since apologised to Mr Streeting , who I am told does not want to press for sackings in No 10 in the wake of the briefings against him. But the saga has

Rachel Reeves ‘set to ditch plan to raise income tax’ in Budget http://www.independent.co.uk - 13.11.2025 23:49

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Rachel Reeves ‘set to ditch plan to raise income tax’ in Budget http://www.independent.co.uk - 13.11.2025 23:49