UK borrowing costs spike on report government to scrap plans to raise income tax
Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025.
Bloomberg | Bloomberg | Getty Images
British government bond yields rose sharply on Friday following reports Finance Minister Rachel Reeves is no longer planning to raise income tax rates in the Autumn Budget later this month.
This is breaking news. Please refresh for updates.
