Four Ways Labour Could Raise Money in the Budget Without Hiking Income Tax

Chancellor John Healey faces a tough challenge in the upcoming Budget: how to raise revenue without breaking Labour's pledge not to increase income tax. BBC Verify has examined four potential options that could be on the table to boost fiscal headroom. These include changes to capital gains tax, inheritance tax, pension tax relief, and corporation tax. Each option carries political and economic trade-offs, and Healey will need to balance revenue-raising with Labour's promises to protect working people. As the Budget approaches, speculation is growing about which measures the Chancellor will choose. The decisions made will have significant implications for businesses, savers, and the wider economy, and will set the tone for Labour's economic agenda.