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    Home»Europe»UK borrowing costs spike on report government to scrap plans to raise income tax
    Europe

    UK borrowing costs spike on report government to scrap plans to raise income tax

    Justin M. LarsonBy Justin M. LarsonNovember 14, 2025No Comments1 Min Read
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    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.

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