Sir Keir Starmer and Rachel Reeves will face a cabinet backlash if the chancellor breaks Labour’s manifesto pledge and raises income tax in the Budget later this month.
Earlier this week, it was reported that the Treasury is looking into the possibility of putting up the rate by 2p, while simultaneously cutting national insurance by 2p. Just last month, this newspaper reported that Ms Reeves is considering changes to the top 45p rate.
