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,…
After weeks of wondering will she, won't she, and recent heavy hints that she would indeed raise income taxes in the Budget, Chancellor Rachel Reeves has now decided against the manifesto-breaching move.Amid the fog of…
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…
Finance secretary Shona Robison says she could be facing a "nightmare situation" when she sets her own budgetScotland's finance secretary has said she may "have to revisit" a promise not to raise income tax in…
A recent letter from OpenAI reveals more details about how the company is hoping the federal government can support the company’s ambitious plans for data center construction. The letter — from OpenAI’s chief global affairs…
The government should not "cave" to the gambling industry's "scaremongering" over a potential tax rise on online betting games, a committee of MPs has said.The Treasury Committee said the government should tax online betting games…
Becky MortonPolitical reporterPA MediaLucy Powell was elected as Labour's deputy leader last monthLabour should stick to its manifesto pledge not to raise key taxes, the party's new deputy leader Lucy Powell has said. Ahead of…
Drivers of electric vehicles (EVs) could be facing a new tax in this month's Budget.With pressure on the chancellor to find tens of billions of pounds in additional revenue, the BBC understands there have been…
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…
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"…