November’s Budget looks to be a major tax-raising Budget centred on a ‘smorgasbord’ of tax increases – many of which could be contentious.
All eyes will be on Income Tax thresholds and whether the Chancellor will lower or freeze thresholds after seeming to rule out a manifesto busting income tax hike.
Individual measures on fuel and property could strain the Government’s relationship with the voting public – but may be worth it to keep the bond markets happy.
Taken as a whole, the Budget could be greatest gamble that Rachel Reeves takes in her political career.
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