Rachel Reeves, tax
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Rachel Reeves should get billions of pounds of extra room in her upcoming budget, UK Treasury officials believe, thanks to her plan to cut household bills and bring down inflation.
PENSIONERS look set to be dealt a hammer blow in the Budget in a few weeks. Rachel Reeves paved the way this week for income tax rises, while she is also said to be plotting several other measures
The move - reported by the FT - would mark a significant break with long-standing practice. It comes as Chancellor Rachel Reeves scrambles for ways to ease the cost of living crisis ahead of the Budget, which could also cut to VAT on energy bills and reductions in levies funding green schemes.
Brits who regularly use railway services could soon face a major shake-up as Rachel Reeves is tipped to make a crucial change in the upcoming Budget. The Department for Transport (DfT) is reportedly looking at swapping the Retail Price Index (RPI) with the Consumer Price Index (CPI) as a benchmark for annual increases.