Starmer fuels expectations of income tax rise in Budget
Prime minister tells Labour MPs he will reduce UK’s national debt without making deep spending cuts
Prime minister tells Labour MPs he will reduce UK’s national debt without making deep spending cuts

Chancellor explores alternative ways to raise revenue to fill fiscal hole estimated at up to £30bn

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Labour has previously promised it will not raise income tax, employee national insurance or value added tax in Budget

Move raises likelihood of further tax rises and could damage government’s credibility with investors

Starmer and Reeves should lean in to what the Budget reveals about this tax-and-spend government

Executives prepare for shift to the left in UK government after narrow escape in last year’s Budget