Starmer and Reeves ‘rip up plans’ to raise income tax in the Budget

In a notable policy shift, Chancellor Rachel Reeves and Prime Minister Sir Keir Starmer have decided to abandon plans to raise income tax rates, a move that aligns with their manifesto commitments. This U-turn comes as the government faces a substantial £30 billion fiscal deficit, prompting Reeves to seek alternative solutions to bridge this gap. Reports indicate that the government is under pressure to maintain fiscal responsibility while avoiding tax hikes that could burden the public. This decision reflects broader trends in UK fiscal policy, emphasizing the need for sustainable financial strategies without compromising on electoral promises.