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The Independent UK
The Independent UK
Business
David Hughes

Reeves signals manifesto-busting Budget will hike taxes

Rachel Reeves Budget BBC Radio 5 Live
Chancellor Rachel Reeves delivers a speech in the media briefing room of 9 Downing Street in central London (Justin Tallis/PA) - (PA Wire)

Rachel Reeves has all but admitted Labour’s manifesto pledge not to hike income tax will be ditched in her Budget.

The Chancellor said sticking to the election promise not to increase taxes for working people could only be met with “deep cuts” to public investment, which could derail hopes of future economic growth.

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