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2025 › November › 14
Chancellor
7 months ago
The Chancellor spent weeks laying the ground for a manifesto-breaking hike in taxes for millions of workers in this month's Budget , before sparking chaos in the City by performing a shock U-turn.
Reeves faces 'credibility crisis' as markets batter UK after Labour MPs force U-turn on income tax hike... with fears 'stealth raids' will now fill £40bn Budget black hole ⊖⊖
Markets have been heaping risk premium on UK borrowing after the Chancellor's extraordinary backtrack - which came despite weeks of heavy hints and tough talk.
Savvy EV drivers did Rachel Reeves out of £30m in car tax this year using loophole to evade Chancellor's raid ○
Reeves in April saw in new car tax rules that ended EV exemptions. But back in February, This is Money recommended EV owners use a loophole to delay payments - and many did.
Reeves to ditch income tax hike in UK budget; China suffers slowdown in factory output – business live ⊕
found
a story from The Guardian ⚠️ › International
UK chancellor is abandoning plans to raise income tax in her 26 November budget, while China reels from data showing weak factory output and retail sales
Culture secretary Lisa Nandy has weighed in o…
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