What’s behind Rachel Reeves’s hokey cokey on income tax rises? BBC Rachel Reeves plans £7.5bn tax rise in budget after U-turn on income tax rates The Guardian UK politics as it happened — Gilts sell off on tax plan U-turn Financial Times Rachel Reeves backs away from income tax rate rise after improved economic forecasts BBC Budget 2025: Rachel
UK government bonds fell sharply on Friday as Rachel Reeves ditched plans to raise income tax in this month’s Budget. Gilts sold off despite efforts by the Treasury to signal that the planned increase in tax rates had been pulled because of more positive fiscal forecasts. The 10-year yield rose 0.14 percentage points to 4.58
Rachel Reeves will reportedly freeze thresholds for an extra two years after abandoning her plans to hike income tax in the budget. She could also bring in a new levy on high-value properties, in the measures to be announced on November 26. The Chancellor had been expected to raise income tax in the face of
Rachel Reeves was able to ditch a manifesto-busting plan to raise income tax rates in the Budget because of favourable changes in forecasts from the UK’s fiscal watchdog, government figures said on Friday. But politics undoubtedly played a big part in the chancellor’s decision to back away from a tax increase that would have provoked
Faisal Islam,Economics editor, Chris Mason,Political editor and Kate Whannel,Political reporter Getty Images Rachel Reeves has decided against raising income tax rates at the Budget after receiving better-than-expected economic forecasts, government sources have said. In recent weeks, the chancellor had given strong indications she would increase the tax – a move that would have broken Labour’s
Rachel Reeves plans £7.5bn tax rise in budget after U-turn on income tax rates The Guardian How did fiscal forecasts affect Reeves’ income tax U-turn? Financial Times Government borrowing costs jump on reports of Reeves dropping income tax rise BBC Labour’s fumbling with income tax threatens political catastrophe The Telegraph Budget 2025 income tax U-turn: What the hell just
Chancellor Rachel Reeves is no longer planning to break Labour’s manifesto pledge not to increase income tax in the Budget, according to bombshell reporting 07:32, 14 Nov 2025Updated 13:38, 14 Nov 2025 It is despite the Chancellor having having paved the way for tax rises for weeks(Image: POOL/AFP via Getty Images) Rachel Reeves has ripped
A group of experts has told the government the change has to be made Robert Rowlands Deputy editor, Money and lifestyle hub and Neil Shaw 12:38, 14 Nov 2025Updated 12:39, 14 Nov 2025 Changes have been suggested to council tax that would have a significant impact for many people if introduced Ramping up the steepest
The Chancellor has been told that the economy is stronger than previously feared, meaning there is no need to break her manifesto promise on income tax Rachel Reeves has decided not to raise income tax after discovering that the “black hole” in the Budget is smaller than previously feared, The i Paper understands. The Chancellor
Eamonn Holmes has branded HMRC as “thieves” after revealing that he has sold two of his properties and still owes them a huge six-figure sum. Eamonn Holmes has been forced to sell two of his homes and owes the tax man an eye watering amount(Image: Gareth Cattermole/Getty Images) Eamonn Holmes has disclosed that his tax