Chancellor Announces Tax Increases Amid Budget Plans

Rachel Reeves plans income tax rise for November Budget.
OBR reports to Treasury on Monday regarding tax plans.
Tax hikes aim to close £30 billion gap post-OBR downgrade.
Proposed 2p income tax increase and 2p NI cut for £50,270 earners.
Plan could raise £6 billion, affecting pensioners and self-employed.
Reeves breaks Labour manifesto pledge, causing party tensions.
Lucy Powell urges adherence to tax hike manifesto.
Starmer declines to confirm pledge continuity.
OBR report precedes November 26 Budget amid economic concerns.
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