Reeves vows to 'defy' gloomy forecasts - but faces income tax warning ahead of budget

Sky News•Wednesday, October 29, 2025 at 12:55:00 AM

Chancellor Reeves is determined to challenge pessimistic economic forecasts as the government prepares for the upcoming budget. Despite her optimism, she faces warnings regarding potential income tax increases, which could impact households and businesses. This situation is significant as it highlights the balancing act the government must perform between stimulating growth and managing fiscal responsibility.

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