FORGOTTEN HISTORY: 29 - The Untold Story

Rachel Reeves’s U-turn on income tax is needless, cowardly – and wrong

THE INDEPENDENT VIEW: Editorial: The chancellor’s decision to break a manifesto pledge cannot so easily be flipped from yes to no, especially when there has been no change in the economy to warrant it. This is no way to run a government

The Independent UK · Nov 14, 2025

Reeves’s plan to ditch income tax rise prompts government bond sell-off

Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July

The Guardian - UK · Nov 14, 2025

Reeves’s tax U-turn: how Labour changed course on budget plans

Chancellor spent weeks preparing the ground for breaking manifesto pledge but events this week appeared to change her mind

The Guardian - UK · Nov 14, 2025

Nightmare on Downing Street: 'Iron Chancellor' loses her mettle with Budget U-turn and Starmer in coup chaos

Commentary: Two startling own goals in a week have damaged Sir Keir Starmer and Rachel Reeves’ authority

Evening Standard · Nov 14, 2025

Ask the Editor, November 14: 20% Qualified Business Income Deduction

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI.

Kiplinger · Nov 14, 2025

Income tax – live: Markets spooked after Reeves U-turn on major Budget tax increase

Chancellor reported to have abandoned plans over fears they could anger both voters and backbench Labour MPs

The Independent UK · Nov 14, 2025

Chancellor abandons planned income tax hike because of improved forecasts

The PA news agency understands the strength of tax receipts has improved the numbers from the OBR, allowing for the U-turn.

The Independent UK · Nov 14, 2025

Despairing economists warn Reeves’s income tax U-turn will make system ‘too complicated’ – and will wipe out buffer zone

The chancellor has ditched plans to increase income tax, leading to fears she will not be able to create the buffer zone needed to protect the UK from economic shocks next year

The Independent UK · Nov 14, 2025

Government borrowing costs rise in wake of income tax U-turn speculation

Reports that the Chancellor has scrapped her plans to raise income tax at the Budget has sparked a sell-off in UK Government bonds.

Evening Standard · Nov 14, 2025

Rachel Reeves plans £7.5bn tax rise in budget after U-turn on income tax rates

Chancellor expected to freeze level at which people start paying income tax for two years rather than putting rates up

The Guardian - UK · Nov 14, 2025