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UK's Reeves abandons plans to raise income tax rates, roiling markets ReutersRachel Reeves backs off from plans to raise income tax rates in Budget BBCBudget 2025 income tax U-turn: What the hell just happened? Sky NewsUK borrowing costs up after markets spooked by Reeves's income tax U-turn The GuardianBritish government bonds, stocks and sterling tumble as budget rumours swirl
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UK borrowing costs jump, stocks slide as speculation mounts over high-stakes budget CNBCStarmer and Reeves drop proposal to increase income tax rates in the Budget Financial TimesUK borrowing costs up after markets spooked by Reeves's income tax U-turn The GuardianBritish government bonds, stocks and sterling slide as budget rumours swirl Reuters
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