Income tax – live: Markets spooked after Reeves U-turn on major Budget tax increase

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Chancellor reported to have abandoned plans over fears they could anger both voters and backbench Labour MPs

Rumours that Rachel Reeves has scrapped her plans to raise income tax at the Budget have sparked market chaos - (PA Wire) — image source: static.independent.co.uk

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Rumours that Rachel Reeves has scrapped her plans to raise income tax at the Budget have sparked market chaos - (PA Wire) — image source: static.independent.co.uk

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