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Rachel Reeves is considering breaking a manifesto pledge with an income tax rise to fill a £30bn gap. The Labour Party Chancellor is in " active discussions" over breaking one of her party’s main manifesto pledges, the Guardian reports.

Raising income tax may be the only way to make sure she raises enough money never to have to come back for tax rises again, Whitehall sources said. One source said Reeves is considering adding 1p to the basic rate.

This would generate more than £8bn for the Treasury, it is hoped. But the Guardian correctly reports such a move is likely to add to concerns about the cost of living at a time where bills are sky high.

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“There is a very live debate going on righ

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