UK’s OBR Says It Had No Hand in Tax U-Turn That Shocked Markets
Rachel Reeves started preparing the public for a manifesto-breaking income-tax rise at the start of November in an unusual pre-budget speech. More surprising was the fact that she did so...
By Philip Aldrick · Bloomberg Markets
Rachel Reeves started preparing the public for a manifesto-breaking income-tax rise at the start of November in an unusual pre-budget speech. More surprising was the fact that she did so after privately learning that her fiscal room for maneuver was far better than expected.