For weeks Rachel Reeves set out the idea of an increase in income tax. But now, "treasury sources are saying a rise in the headline rate of income tax will not be in the budget - thresholds will be looked at instead along with hikes to smaller taxes." A big driver of this decision is politics - "the fear of being the first government to put up income tax in 50 years and the fear of blowing up a central part of last year's manifesto". Sky's Rob Powell has the latest. #skynews #uknews #politics #