29 h. ago UK borrowing costs jump as investors lose faith in Rachel Reeves’ Budget

Gilts sell off after government ditches plan to increase income tax rates

Economics

29 h. ago UK borrowing costs jump as investors lose faith in Reeves’ Budget

Gilts sell off after government ditches plan to increase income tax rates

Economics

36 h. ago Planned income tax rise now set to be scrapped by Rachel Reeves

Her initial plan was expected to see income tax rates increased by 2p but the plans have now reportedly been the subject of a U-turn

Politics

37 h. ago UK borrowing costs up after markets spooked by Reeves’s income tax U

Pound down 0.5% against dollar in early trading after chancellor drops plans for upcoming budgetUK politics live – latest updatesBritain’s borrowing costs have jumped while the pound has dropped after the chancellor’s extraordinary last-minute decision to ditch tax-raising plans in the upcoming budget.Interest rates on government bonds rose by more than 10 basis points in early trading, putting them on track for their worst day since 2 July, when investors responded to a tearful appearance by Rachel Reeves in the House of Commons chamber. The pound, meanwhile, dropped 0.5% against the dollar. Continue reading...

Economics

38 h. ago Starmer and Reeves drop proposal to increase income tax rates in Budget

U-turn on measures to raise revenue to fill fiscal hole sparks sell-off in gilt market

Economics

39 h. ago Starmer and Reeves drop proposal to increase income tax rates in the Budget

U-turn on measures to raise revenue to fill fiscal hole sparks sell-off in gilt market

Economics

44 h. ago Chancellor Rachel Reeves 'ditches plan to increase income tax' in upcoming Budget, reports say

Chancellor Rachel Reeves makes a U-Turn on decision to increase income tax to fill 'fiscal black hole' spending gap as plan breaks Labour's manifesto pledge

Economics

47 h. ago Rachel Reeves to abandon plans to raise income tax rates in budget

Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turnRachel Reeves is set to abandon a plan to raise income tax in her budget with the chancellor reportedly “ripping up” the main measures in the wake of turmoil in the party.A source told the Guardian that plans to break the manifesto pledge on income tax had been ditched by the prime minister, Keir Starmer, and the chancellor. Continue reading...

Economics

47 h. ago 'Stealth tax' alert: Reeves Budget to make record 10m pay Income Tax higher rate if she freezes thresholds

A further two-year freeze on Income Tax thresholds would drag 790,000 more people into paying the 40% higher rate, according to the IFS

Economics

49 h. ago Starmer and Reeves ditch Budget plan to increase income tax rates

Chancellor explores alternative ways to raise revenue to fill fiscal hole estimated at up to £30bn

Economics

49 h. ago Starmer and Reeves ditch plan to increase income tax rates in the Budget

Chancellor explores alternative ways to raise revenue to fill fiscal hole estimated at up to £30bn

Economics

5 d. ago Rachel Reeves warned gambling tax hikes will 'hammer punters' and 'shut 3,400 bookies'

Chancellor Rachel Reeves is being urged by the IPPR think tank to more than double the tax rate on gaming machines in her Budget on November 26

Events

6 d. ago Fury as Reeves set to increase dividend tax in ‘hammer blow’ for investors in nightmare Budget

RACHEL Reeves is set to increase dividend tax in a "hammer blow" to investors in the upcoming Budget. In a move that has sparked fury, the Chancellor will reportedly increase the tax rate on earnings from shares in her Autumn budget this month. Brits are bracing for a raft of tax hikes on November 26...

Economics

2 w. ago Pound tumbles as markets take fright over Rachel Reeves' Budget woes with UK productivity downgrade

Sterling dropped to a two-and-a-half-year low against the euro before regaining some ground

Economics

2 w. ago How much would Labour's plan to increase income tax cost YOU? Find out how your pay will be hit if Chancellor goes through with plan to hike levy by a penny

The Chancellor is said to be considering ripping up the party's election pledge not to raise income tax paid by millions of Britons as she struggles to get a grip on public spending.

Economics