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Catch the latest Financial News EventsRachel Reeves plans £7.5bn tax rise in budget after U-turn on income tax rates
Chancellor expected to freeze level at which people start paying income tax for two years rather than putting rates upRachel Reeves will raise £7.5bn from millions of workers by freezing tax thresholds at the budget, after her decision to scrap controversial plans to...
Ex-BBC boss leads calls for end to political appointments to board
Tony Hall urges government to bolster BBC’s independence as MPs and union seek Robbie Gibb’s removal from boardTim Davie’s predecessor as BBC director general is leading calls to end political appointments to the broadcaster’s board amid concerns over the influence of...
Reeves’s plan to ditch income tax rise prompts government bond sell-off
Reversal of budget plan causes cost of UK government borrowing to rise by the most in a single day since early JulyWhat 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...
Why did Labour abandon plans to raise income tax in the budget?
Rachel Reeves spent weeks preparing the ground for a manifesto-busting tax hike but events this week appeared to change her mindThere were always two camps in the internal government debate over what to do at this month’s budget, one of the most consequential in...