Rachel Reeves needs to row back on her manifesto pledge not to raise income tax, national insurance or VAT, a leading think tank has said, as the chancellor seeks to fill a £30bn black hole at the Budget.
The chancellor should “reject the path of least resistance” and consider rowing back on her “rash” commitment not to raise the three main taxes at the Budget, the Institute for Government (IfG) said, arguing Labour’s “unrealistic” approach to tax has left Ms Reeves reaching for “piecemeal changes”.
