Overview
- Whitehall and Treasury sources say the pledge would protect the bottom two‑thirds of earners from tax rises, roughly up to £45,000–£46,000.
- Sky News reports Rachel Reeves asked officials to shield that group while preparing options to address an estimated £40 billion fiscal gap.
- Daily Mail analysis suggests a cutoff at about £46,000 would leave millions of middle earners outside the promise, with the paper estimating around 7.2 million affected.
- Unconfirmed proposals reported to be under consideration include curbs on pension tax relief for higher earners, a 20% exit charge on relocators, and a levy on high‑value properties.
- Conservative figures are criticising the reported approach, and the Treasury says it will not comment on tax speculation outside fiscal events.