Rachel Reeves should “reject the path of least resistance” and consider rowing back on her “rash” tax commitments at the Budget, a leading think tank has said. The Institute for Government (IfG) said Labour’s “unrealistic” approach to tax has left the Chancellor reaching for “piecemeal changes”. The Government has repeatedly said it will not increase the rates of VAT, income tax or national insurance at the Budget in November. A report by the think tank calls on Ms Reeves to undertake serious tax reform, instead of reaching for an “eclectic grab bag of tax raisers”, which could further complicate the system. “Instead, now is the time to commit to tax reform and lay out an agenda on tax that fits with her broader growth objectives.”The IfG report, 2025 budget and beyond: How Rachel Reeves can approach tax reform to help drive growth, also warns that the introduction of a wealth tax would be difficult.