Rachel Reeves needs to abandon the Government’s pledge not to raise income tax in order to get Britain’s finances on a sustainable path, a panel of top economists has warned.

In its manifesto at the last election, The Labour Party promised it would not increase taxes on “working people”, specifically national insurance (NI), the basic, higher, or additional rates of income tax , or VAT.

But with the economy flatlining and the Chancellor needing to find £30bn to balance her books in November’s Budget, leading experts have said it is “high time” the Government bit the bullet and raised income tax. New Feature

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Reeves is expected to raise taxes by around £30bn in order to meet her self-imposed fiscal rules of ensuring day-to-day expendit

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