LONDON, Oct 10 (Reuters) – British finance minister Rachel Reeves should break her promise not to raise taxes on working people in next month’s budget and increase income tax, rather than seek to raise revenue in more economically damaging ways, a think tank said on Friday.
The National Institute of Economic and Social Research said other options to raise the 30 billion pounds ($40 billion) of revenue that Reeves is expected need to would distort the economy too much.
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Reeves and Prime Minister Keir Starmer told voters before last year’s election that they would not raise the rates of social security contributions, value added tax or income tax on
UK’s Reeves should break income tax promise in budget, think tank says
