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Evening Standard
Evening Standard
Politics
Rachael Burford

Martin Lewis: Income tax freeze 'breaks spirit of Labour manifesto and 1p rise would be less damaging'

Martin Lewis Rachel Reeves Income Tax Budget

Labour’s income tax threshold freeze “breaks the spirit” of the party’s manifesto pledge not to increase levies on working people, Martin Lewis has said.

In her Budget on Wednesday, Rachel Reeves announced £26 billion of tax rises. The largest cash raiser will be the further three-year freeze on the thresholds for paying income tax.

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