Rachel Reeves will on Tuesday give her strongest hint yet that she will break Labour’s manifesto pledge not to raise income tax , in a key pre-Budget speech.

The Chancellor will say that she plans to “make the choices necessary” for “years to come”, hinting that a major tax rise could be on the cards to raise enough money to avoid having to come back for more cash before the election.

She has been forced into considering tax rises again – despite already facing criticism for increases last year – after the Budget watchdog drastically downgraded the UK’s productivity, blowing a hole in the public finances. New Feature

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Reeves will set out more about the situation as she seeks to justify returning with another tax raid, insisting it i

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