Government U-Turn on Income Tax: A Relief for Labour Party

Chancellor Rachel Reeves U-turns on income tax hike, but tax increases still expected in Budget 2025. Stronger fiscal forecasts and improved wage growth lead to change in plans, but tax thresholds to be frozen and other taxes to rise. Government criticized for creating a sense of chaos and inconsistency. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.