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Reeves to ditch income tax hike in UK budget; China suffers slowdown in factory output – business live

14.11.2025 09:53 | The Guardian World

UK chancellor is abandoning plans to raise income tax in her 26 November budget, while China reels from data showing weak factory output and retail sales Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.We start the day with a u-turn from the Labour government, with chancellor Rachel Reeves set to abandon a plan to raise income tax in her 26 November budget.10am GMT: Eurozone trade balance for Q310am GMT: Second estimate of eurozone GDP in Q3 + employment data Continue reading...

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