Reeves Abandons Income Tax Hike in Budget U-Turn
Chancellor Rachel Reeves has scrapped planned income tax increases due to improved economic forecasts. Discover how stronger wage growth influenced this Budget decision.
Category : Economy
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Reeves' Tax U-Turn Creates Economic Chaos in UK
Chancellor Rachel Reeves abandons income tax hike plans, causing market turmoil and accusations of turning Britain into an 'economic laughing stock'. Full analysis inside.
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Reeves' income tax U-turn stuns ministers and markets
Chancellor Rachel Reeves abandons income tax rise plans, causing government borrowing costs to spike. Discover the political fallout and alternative tax measures now being considered.
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Pound falls as Reeves' tax U-turn spooks markets
Sterling drops 0.3% against dollar as Chancellor Rachel Reeves abandons income tax rise plans, triggering biggest gilt yield surge since July. Investors fear political instability ahead of crucial budget.
Reeves' Budget U-Turn Divides Public Opinion
Chancellor Rachel Reeves abandons income tax rise plans, sparking heated debate over Labour's economic credibility and Budget uncertainty ahead of November announcement.
Reeves Plans £20-30bn Tax Rise in November Budget
Chancellor Rachel Reeves abandons income tax rise but targets £20-30bn through threshold freezes, EV charges & gambling taxes. Full budget breakdown inside.
Reeves abandons income tax hike in Budget U-turn
Chancellor Rachel Reeves has scrapped plans for an income tax increase in the November Budget after improved economic forecasts. Discover what this means for your finances.
Reeves in Crisis After Income Tax U-Turn
Chancellor Rachel Reeves dramatically reverses income tax hike plans, sparking market turmoil and Labour party infighting ahead of crucial Budget announcement.
Reeves's £9bn tax dilemma: who faces higher bills?
Chancellor Rachel Reeves reconsiders income tax plans. Explore the stealth tax options hitting workers and pensioners. Discover the Budget's financial impact.
Tax threshold freeze to cost middle earners £843
Experts warn extending the income tax threshold freeze could add £843 to bills for middle earners over four years through fiscal drag. Discover the impact of the upcoming Budget.
Labour's 10-Day Tax U-Turn Sparks Government Crisis
Chancellor Rachel Reeves abandons income tax rise just 10 days after announcing it, leaving government credibility in tatters ahead of November Budget. What's next?
Gilt yields surge as Chancellor Reeves abandons income tax rise
UK government borrowing costs jump as Rachel Reeves reportedly scraps income tax hike plans, breaking Labour manifesto pledge. Gilt yields surge in market sell-off ahead of November 26 Budget.
Gilt Yields Surge on Chancellor's Income Tax U-Turn Reports
Speculation that Chancellor Rachel Reeves has abandoned plans for an income tax rise sparks a sell-off in UK government bonds, pushing borrowing costs higher. Discover the market reaction and political fallout.
Reeves abandons income tax rise in budget U-turn
Chancellor Rachel Reeves drops planned income tax increase in November budget while China faces factory slowdown. Follow the latest economic developments and market impacts.
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Reeves abandons income tax hike plan for Budget
Chancellor Rachel Reeves has reportedly abandoned plans to raise income tax in the upcoming Budget, breaking a key Labour manifesto pledge. Discover the implications for UK taxpayers.
AI Bubble Burst: UK Taxpayers Face Bailout Risk
As AI becomes essential to UK public services, taxpayers risk repeating the 2008 bank bailout with a potential £2 trillion AI collapse. Discover the looming financial threat.
Reeves to clamp down on expensive bike purchases
Chancellor Rachel Reeves plans to restrict high-end bicycle purchases in the Cycle to Work scheme amid concerns about wealthy commuters exploiting tax breaks. Read the full details.
US October CPI and Jobs Reports May Never Be Released
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UK economy grows 0.1%, tax hikes loom to avert crisis
The UK economy is stalling with growth of just 0.1%. Chancellor Rachel Reeves faces tough tax decisions to avoid a market meltdown. Can the government find a path to recovery?
Scotland to issue bonds after securing strong credit rating
First Minister John Swinney announces Scottish Government bonds to fund key infrastructure after securing AA credit rating from Moody's and S&P Global. A pivotal moment for Scotland's economy.
UK economic growth slows to 0.1% in third quarter
UK economic growth slowed to 0.1% in Q3 2025, a sharp decline from the previous quarter. The Jaguar Land Rover cyber attack and rising unemployment create a challenging backdrop for the upcoming budget.
Trump's $2,000 Tariff Rebate: What We Know
The Trump administration is proposing $2,000 tariff rebate checks for families earning under $100,000. Discover the plan's details and the expert warnings about its economic impact.
Reeves' Budget Challenge: UK Growth Slows to 0.1%
Chancellor Rachel Reeves faces tough budget decisions as UK growth slows to 0.1% and fiscal rules threaten £30bn shortfall. Can she escape the economic doom loop?
UK economic growth slows to 0.1%
UK economic growth slowed to 0.1% in Q3 after a cyber attack on Jaguar Land Rover hit manufacturing. Explore the data and what it means for the upcoming Budget.
UK economic growth slows to 0.1% ahead of Budget
UK economic growth slowed to 0.1% in Q3, a setback for the Chancellor. A cyber attack on Jaguar Land Rover hit manufacturing. Discover the Budget implications.
Taxi Tax Threat: Fares Could Soar by 15%
Plans for a 20% VAT on private hire vehicles could hike Uber and cab fares by over 15%, hitting vulnerable passengers hardest. Read the industry's urgent plea to the Chancellor.
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