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As this year's Autumn budget approaches, there has been a lot of conversation around if the Chancellor will increase income tax levels or not. Brits will find out the full extent of Labour's plans for the economy when Ms Reeves delivers her second Autumn Budget on November 26.

Until recently, Ms Reeves was expected to break a Labour Manifesto promise by hiking income tax in the face of the yawning gap in her spending plans - hinting that the alternative would be “deep cuts” to public investment. However, she is now understood to have ditched this plan after improved forecasting from the Office for Budget Responsibility - but other tax rises have not been ruled out.

The Chancellor will now reportedly freeze income tax thresholds for an extra two years and could also

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