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An income tax raid was unthinkable. Now it looks inevitable
Yahoo Financeยท 2025-09-25 10:00
Rachel Reeves, the Chancellor, pictured going for a run on Wednesday, has few options to restore confidence in her economic management - Jeremy Selwyn Rachel Reeves is under growing pressure to break one of her most high-profile promises: not to increase income tax. Faced with a struggling economy, painfully high borrowing costs and disappointing tax receipts, the Chancellor needs to find tens of billions of pounds to get her financial plans back on track. There is no easy, painless and popular way to ...