Reeves’s income tax U-turn will make system ‘too complicated’, warn economists

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The chancellor has ditched plans to increase income tax, leading to fears she will not be able to create the buffer zone needed to protect the UK from economic shocks next year

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Rachel Reeves’s former top adviser has joined leading economists in warning that her decision to abandon income tax rises in the upcoming Budget and pursue smaller interventions will “overcomplicate” the system.

Reeves’s income tax U-turn will make system ‘too complicated’, warn economists

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