Reeves’s plan to ditch income tax rise prompts government bond sell-off - short news
Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July
What are Reeves’s options after U-turn on income tax rates?
UK bond markets took fright on Friday after it emerged that Rachel Reeves had ditched plans for a manifesto-busting increase in income tax at this month’s autumn budget.
On a day of choppy trading in the City, the cost of UK government borrowing rose by the most in a single day since early July,..
source: The Guardian - 14.11.2025