The chancellor had been widely expected to increase income tax rates, which would have broken a manifesto promise.

The Office for Budget Responsibility (OBR) has handed Rachel Reeves a £1.7bn lifeline to balance the books after it changed a ...

Land Securities raises its rental income forecast amidst delayed leasing decisions driven by potential UK property tax ...

The chancellor has ditched plans to increase income tax, leading to fears she will not be able to create the buffer zone ...

Rachel Reeves had been signalling that income tax rises loomed in the upcoming Budget on November 26 but the Chancellor has ...

UK finance minister Rachel Reeves plans no income tax hikes in the upcoming budget, despite needing funds to meet fiscal targets. Improved fiscal forecasts influenced this decision, impacting ...

Extending the existing freeze on personal tax thresholds from 2028 until 2030 — which now looks set to be Reeves’ single ...

Treasury sources insist reversal follows better-than-expected economic data – with mansion tax on £2m properties considered ...

Markets have been heaping risk premium on UK borrowing after the Chancellor's extraordinary backtrack - despite weeks of ...

The Pound Sterling (GBP) consolidated its recovery from seven-month lows against the US Dollar (USD), as GBP/USD lacked ...

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

The PA news agency understands the strength of tax receipts has improved the numbers from the OBR, allowing for the U-turn.