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Fears are mounting that Rachel Reeves will deal another hammer blow to the economy by piling on taxes at the Budget.
The Chancellor could effectively torch the Labour manifesto as analysts warn that she needs to fill a black hole in the public finances of up to £50billion.
Keir Starmer pointedly refused to rule out increases to income tax, national insurance and VAT at PMQs yesterday.
He dodged questions on whether the freeze on the personal tax allowance threshold could be extended - which would put rocket boosters on an income tax raid by dragging workers deeper into the system.
One proposal put to the Treasury has been a 2p increase in income tax, which could be combined with a 2p cut in employee NICs.
That would fulfil Ms Reeves' pledges of hitting the 'wealthy' due to the ceiling on NICs, as well as punishing pensioners who do are not subject to the social levy.
It would be the first increase in the main rate of income tax since 1975.
However, the estimated £6billion raised would almost certainly not be enough to balance the books, reeling from rising borrowing costs and U-turns on policies such as welfare reform.
Ms Reeves' woes have been deepened by the Office for Budget Responsibility (OBR) watchdog signalling it intends to downgrade long-term productivity forecasts. The rumoured 0.3 percentage point reduction could inflict a £20billion deterioration in the Treasury's position by the end of the decade.
The government confirmed overnight that the Timms review into Personal Independence Payment will not report until next Autumn - meaning no chance of reforms to cut costs before then.
Pensions, property and landlords could also be in the firing line to raise money – with a 'mansion tax' among the ideas being mooted.
Treasury insiders say the Chancellor appears to be leaning away from 'radical' changes, such as replacing council tax or stamp duty. Instead there are likely to be tweaks at the edges to help raise the huge sums required.
The OBR delivers its final 'pre-measures' forecasts to the Treasury tomorrow. It will not start costing any of the government's proposals until November 10, meaning decisions are still some way off.
At a Tory rally in central London this morning, Kemi Badenoch raised alarm about the impact on the economy. 'If you want more of something you don't tax it,' she said.
Mrs Badenoch added of Ms Reeves: 'If she cannot get a grip on controlling spending then you sack her.'
During PMQs yesterday, Sir Keir failed to repeat his mantra that the promise made to voters at last year's election still 'stands'.
After her £41billion tax grab Budget a year ago, the Chancellor promised she would not be 'coming back with more borrowing or more taxes'.
That was the biggest tax-raising Budget on record, according to the OBR database of costings.
Anything on that scale next month would mean she has announced more tax rises than Gordon Brown did during a decade in No11.