Rachel Reeves Budget income tax U-turn sees £26billion wiped off shares
- Posted on November 14, 2025
- By The Mirror
- 3 Views
Rachel Reeves Budget income tax U-turn sees £26billion wiped off shares

Reports that Chancellor Rachel Reeves has dropped plans for what would have been a manifesto breaking income tax rise in the Budget has unnerved financial markets - with a possible impact on mortgage costs