UK’s Starmer, Reeves ditch budget plan to increase income tax rates, FT reports | Metals Mine

  • UK’s Starmer, Reeves ditch budget plan to increase income tax rates, FT reports

    From brecorder.com

    British Prime Minister Keir Starmer and finance minister Rachel Reeves have abandoned plans to raise income tax rates, changing course just weeks before the November 26 release of the government’s budget, the Financial Times reported on Thursday, citing officials briefed on the decision. No such plan had been publicly unveiled ahead of the budget, but Reeves is expected to raise tens of billions of pounds in taxes to stay on track with her fiscal targets, a key issue for bond investors. She is now exploring alternative ways to raise revenue to fill a fiscal hole that has been estimated at up to 30 billion ... (full story)

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Trader#A306
Nov 14, 2025 5:06am
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Many pundits heard that BlackRock, Gates and Soros tried to dislodge GBP this morning. Fortunately, Keir Starmer and his team saved UK from the financial disaster.
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Trader#80F7
Nov 14, 2025 6:46am
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Why saved? just let it crash down hard lolzzz GBP has been very high up level since past years lolzzz
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Trader#D3D3
Nov 14, 2025 9:03am
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Maybe they need to tax unrealized gains.
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