Chancellor Rachel Reeves on Tuesday opened the door for a manifesto-breaking income tax rise, when she said the “national interest” would trump political expediency in this month’s Budget.
Reeves used a speech in Downing Street to warn the public and Labour MPs that she would use her Budget to tackle debt and that she was “determined to put the country on a more sustainable footing”.
Asked if she was prepared to break the manifesto promise not to raise income tax, even if that might cost Labour the next election, Reeves said: “We have got to do the right thing.”
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