Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole

Your support helps us to tell the storyRead moreThis election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story.The Independent is trusted by 27 million Americans from across the entire political spectrum every month. Unlike many other quality news outlets, we choose not to lock you out of our reporting and analysis with paywalls. But quality journalism must still be paid for.Help us keep bring these critical stories to light. Your support makes all the difference.CloseRead moreCloseSir Keir Starmer’s government was hit by another day of Budget chaos after Labour was bounced into conceding that individuals earning above £100,000 are still “working people”.On a day when the prime minister had hoped to get a grip on the political agenda with the launch of a major consultation over the future…