Home Business news Rachel Reeves urged to break manifesto pledges to avoid ‘pasty tax’ budget

Rachel Reeves urged to break manifesto pledges to avoid ‘pasty tax’ budget

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Labour colleagues advise chancellor against string of small money-raising measures, as OBR presents forecast

Some of Rachel Reeves’s Labour colleagues have urged her to ditch the party’s manifesto promises rather than risk a “pasty tax” budget that raises money through a string of small measures.

As the independent Office for Budget Responsibility (OBR) presented its first fiscal forecast to the Treasury on Friday, several sources said there was tension within the government over the manifesto pledges.

Continue reading…Labour colleagues advise chancellor against string of small money-raising measures, as OBR presents forecastSome of Rachel Reeves’s Labour colleagues have urged her to ditch the party’s manifesto promises rather than risk a “pasty tax” budget that raises money through a string of small measures.As the independent Office for Budget Responsibility (OBR) presented its first fiscal forecast to the Treasury on Friday, several sources said there was tension within the government over the manifesto pledges. Continue reading…