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Rachel Reeves is under pressure to break Labour’s manifesto pledge with a tax raid on the highest earners amid growing calls from within Labour to hit the wealthy.
Ministerial sources have told The Independent that changes to the top rate of income tax have been discussed within government as the chancellor looks to find ways to fill a Budget black hole estimated to be between £30bn and £40bn.
The changes would exceed the 1p increase to income tax that Ms Reeves is also understood to be considering.
One source said: “The 45p rate is definitely in play.
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