Minister denies report the chancellor is considering income tax rise

Labour remains committed to its pre-election tax pledges, including on income tax, minister Nick Thomas-Symonds told Sky News this morning.

It follows a recent report in The Guardian that Chancellor Rachel Reeves was considering raising income tax in the budget to help close a multibillion-pound deficit. 

Thomas-Symonds said: “We stand by our manifesto pledges on VAT, on national insurance and on income tax. 

“We have protected people’s payslips. That’s precisely what we’ve been doing over the last 15, 16 months.”

The budget is on 26 November, with tax rises widely anticipated.

The minister would not say which taxes would rise.

“I certainly won’t be drawn on individual tax measures, it wouldn’t be appropriate for me to do that, or helpful for me to do that ahead of a budget. 

“But certainly, this government has stood by working people, and we’ll continue to do that.”


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