Brace yourself for a political storm! Chancellor Rachel Reeves is making headlines with a potential move that could shake up the nation's finances. But is it a brave step towards economic stability or a risky gamble?
Reeves is gearing up for a controversial decision at this month's Budget, hinting at a possible income tax increase. This move, according to the Financial Times, could be a 'manifesto-breaking' one, as it goes against the party's previous promises. The i Paper emphasizes the historical significance, noting that such a tax hike hasn't occurred since 1975, breaking a '50-year taboo'.
But here's where it gets controversial: The Daily Mail dismisses Reeves' speech as mere 'bluster', questioning the need for such a drastic measure. And this skepticism isn't isolated. An anonymous Labour MP, quoted by the Daily Telegraph, fears that raising taxes could severely damage the party's reelection prospects and leave them with no credibility.
The Times adds fuel to the fire, suggesting that ministers worry about losing voters 'forever' if income taxes rise. So, is this a necessary evil or a political miscalculation?
In other news, the Metro pays tribute to Samir Zitouni, the rail worker who bravely protected passengers during a knife attack. His family's pride in his heroic actions is heartwarming. Meanwhile, the Daily Telegraph reports a delay in Sir Keir Starmer's plan to hand over the Chagos Islands to Mauritius, due to a Conservative peer's amendment.
And finally, a moment of celebration: Sir David Beckham's knighthood! The Daily Mirror and the Daily Mail capture the moment with catchy headlines, marking the recognition of his sporting achievements and charity work.
