Posted in News £50BILLION black hole misery for Reeves: Productivity downgrade blow to Chancellor – and we could ALL pay for it with income tax or VAT increase October 29, 2025 The Chancellor is now increasingly likely to have to break Labour ‘s manifesto pledge not to put up income tax, National Insurance or VAT, said experts. https://www.dailymail.co.uk/news/article-15236439/50BILLION-black-hole-Reeves-Chancellor-income-tax-VAT-increase.html?ns_mchannel=rss&ns_campaign=1490&ito=1490