Reeves to ditch income tax hike in UK budget; China suffers slowdown in factory output – business live - short news
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
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
We start the day with a u-turn from the Labour government, with chancellor Rachel Reeves set to abandon a plan to raise income tax in her 26 November budget.
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source: The Guardian - 14.11.2025