Labour is expected to extend an income tax measure characterized as a 'stealth tax' in the upcoming Budget, affecting millions of earners by freezing tax thresholds.
Critics argue that extending the freeze on income tax thresholds breaks Labour's manifesto pledge not to increase taxes on working people, raising questions about their commitment.
Despite concerns, a government source clarified that the freeze wouldn't be considered a tax raise since it technically keeps rates the same, sparking further debate around definitions.
Rachel Reeves' announcement on October 30 regarding the budget is anticipated, given the context of rising taxes amidst political scrutiny and public expectation.
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