LONDON, Nov 14 (Reuters) - British finance minister Rachel Reeves does not plan to raise income tax at her upcoming annual budget on November 26 due to an improved fiscal outlook, a government source said on Friday.

Reeves had been widely expected to break Labour's pre-election promise not to raise the rate of income tax to fill a budget shortfall, but late on Thursday the Financial Times reported she had scrapped these plans.

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https://www.reuters.com/world/uks-reeves-does-not-plan-raise-income-tax-government-source-says-2025-11-14/