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Labour Urges Tax Pledge Uphold Amid Budget Speculation

11/7/2025

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Summary

Story summary

Labour's deputy leader Lucy Powell says Labour must uphold the pledge not to raise income tax, National Insurance, or VAT, warning that breaking it would undermine trust.
She calls for the urgent lifting of the two-child benefit cap, arguing it pushes 40,000 children into deep poverty annually.
Chancellor Rachel Reeves is expected to address these issues in the Budget, with speculation about tax increases to address a £30 billion fiscal gap.

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Story summary

Labour's deputy leader Lucy Powell says Labour must uphold the pledge not to raise income tax, National Insurance, or VAT, warning that breaking it would undermine trust.
She calls for the urgent lifting of the two-child benefit cap, arguing it pushes 40,000 children into deep poverty annually.
Chancellor Rachel Reeves is expected to address these issues in the Budget, with speculation about tax increases to address a £30 billion fiscal gap.