Tax hike fears are on the rise with fewer than three weeks to go until Rachel Reeves’s “nightmare before Christmas” Budget.
The Chancellor has written to the OBR to confirm plans for new tax raids – already sparking a row at Labour’s high table.
The party’s new deputy leader Lucy Powell has said the Government “should be following through” on its manifesto pledge not to raise income tax, national insurance or VAT.
U-turning, and breaking that promise, could damage “trust in politics”, Ms Powell said.
Following the Chancellor’s letter, the OBR will inform the Treasury of its impact assessment of the measure on Monday – the penultimate round of forecasts before the Budget.
It will doubtless take its toll on family budgets – so with 48 days remaining until December 25, GB News is asking: Will you be cutting your Christmas spending amid fears of tax hikes?