View Image

As this year's Autumn budget approaches, there has been a lot of conversation around if the Chancellor will increase income tax levels or not. Brits will find out the full extent of Labour's plans for the economy when Ms Reeves delivers her second Autumn Budget on November 26.

So far, there has been much speculation as to how the Chancellor will try to plug the £50 billion black hole in the nation’s public finances . According to The Guardian, this could be 'one of the toughest second budgets in living memory' for Ms Reeves, given high borrowing, rising gilt yields, and slower growth.

Until recently, Ms Reeves was expected to break a Labour Manifesto promise by hiking income tax in the face of the yawning gap in her spending plans - hinting that the alternative woul

See Full Page