UK borrowing costs spike on report government to scrap plans to raise income tax

UK Watchdog Took Window for Budget Forecast During Gilts Rally

Britain’s fiscal watchdog moved the interest-rate window used to estimate government borrowing costs for the budget to a period that coincided with a steep fall in gilt yields.

UK's Reeves reportedly scraps plans to hike income tax rates

British Treasury chief Rachel Reeves has no plans to raise income tax rates in this month's highly anticipated budget due to improved fiscal...

Government borrowing costs rise in wake of income tax U-turn speculation

Reports that the Chancellor has scrapped her plans to raise income tax at the Budget has sparked a sell-off in UK Government bonds.

Income tax UK: Rachel Reeves U-turns on tax rate rises at 2025 Autumn Budget - what it means for your money

A last-minute switch raises fresh questions about who will really shoulder the fiscal burden 💰

Rachel Reeves Budget income tax U-turn sees £26billion wiped off shares - The Mirror

Reports that Chancellor Rachel Reeves has dropped plans for what would have been a manifesto breaking income tax rise in the Budget has unnerved financial markets - with a possible impact on mortgage costs

Reeves’ tax U-turn reports spark UK government bond sell-off

Experts said bond markets have baulked at the speculation as it leaves the Chancellor scrambling to fill a gaping black hole in the nation’s finances. Speculation the Chancellor has scrapped plans to raise income tax sparked a sell-off in UK government bonds amid fears over unfunded spending pledges. Britain’s long-term borrowing costs were sent soaring as reports suggested the latest U-turn would leave Rachel Reeves scrambling to fill a gaping …