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Labour's Rachel Reeves rules out increasing income tax or NI

Source: BBC

On Saturday, independent think tank The Institute of Fiscal Studies issued a stark warning about the challenges awaiting the next government, saying the state of public finances hung over the election campaign "like a dark cloud".It warned that more tax rises or cuts to public services could lie ahead, whoever won on 4 July.Ms Reeves promised there was "not going to be a return to austerity", saying commitments…

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