UK government borrowing costs have risen sharply in reaction to news that the chancellor has decided against increasing income tax rates in the upcoming Budget.The interest rate on 10-year government bonds, known as the yield,…
Kate WhannelPolitical reporterPA MediaRachel Reeves has dropped plans to increase income tax rates at the Budget on 26 November, according to reports in the Financial Times.The newspaper says the chancellor and prime minister U-turned on…
Paul SeddonPolitical reporterRachel Reeves: I don't think it's right that a child is penalised for being in a bigger familyRachel Reeves has suggested she favours removing limits on benefits linked to family size at next…
It has been called the 50-year tax taboo.It is more than half a century since a chancellor of the exchequer chose to put up the basic rate of income tax - that was Labour's Denis…
Dharshini DavidDeputy economics editorGetty ImagesThe chancellor's pitch: the Budget will be painful, due to the actions of others, but it will be worth it, to tackle debt, help public services and promote growth.How does that…
Jennifer Meierhans,Business reporter and Henry Zeffman,Chief political correspondentBBCTax rises could mean reversing a core election manifesto pledge of not raising VAT, National Insurance or income taxChancellor Rachel Reeves has said she will make "necessary choices"…
The prime minister has said Chancellor Rachel Reeves will face no further action over the failure to obtain the correct licence when renting out her family home.However, Sir Keir Starmer said it was "regrettable" Reeves…
Conservative leader Kemi Badenoch has called on the prime minister to sack Rachel Reeves if she puts up taxes at next month's Budget.In its election manifesto last year Labour promised not to increase taxes on…
The letting agent which rented out Chancellor Rachel Reeves' family home has apologised for an "oversight" which led to a failure to obtain the correct licence.Gareth Martin, owner of Harvey & Wheeler, said the company's…
Chancellor Rachel Reeves has admitted breaking housing rules by unlawfully renting out her family home without a licence.Reeves has told Prime Minister Sir Keir Starmer, as well as the independent ethics adviser and Parliament's standards…