The Chancellor had been expected to hike income tax in the face of a big gap in her spending plans View Image Chancellor of the Exchequer Rachel Reeves (Image: WPA Pool, Getty Images)

Rachel Reeves has reportedly scrapped plans to increase income tax in the upcoming Budget, a move that would have broken Labour's manifesto promise. The Chancellor had been anticipated to raise income tax to address a significant shortfall in her spending plans, even suggesting on Monday that the alternative could be severe reductions in public investment. ‌

However, according to the Financial Times (FT), she has now dropped these plans due to concerns about upsetting voters and backbench Labour MPs. The decision was conveyed to the Office for Budget Responsibility on Wednesday when the Chancell

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