Tag: UK budget

UK Markets Slide as Reeves Drops Income Tax Hikes Ahead of Autumn Budget 2025

UK Markets Slide as Reeves Drops Income Tax Hikes Ahead of Autumn Budget 2025

Rachel Reeves' reversal on income tax hikes sent UK gilt yields up 10-15 bps and stocks down, undermining investor trust ahead of the Autumn Budget 2025, as markets react to a £20bn fiscal gap and a patchwork of alternative taxes.