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

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

Shorouk Express ‘I’m not in favour of breaking manifesto pledges’: Streeting welcomes income tax U-turn Health Secretary Wes Streeting welcomed the apparent U-turn over plans to break Labour’s manifesto commitment on income tax. Mr Streeting told LBC Radio: “I’m not in favour of breaking manifesto pledges. “I think that trust in politics and politicians is…

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France downgraded by S&P as budget uncertainty ‘remains elevated’

France downgraded by S&P as budget uncertainty ‘remains elevated’

Shorouk Express The freeze of the pensions law until the next presidential election in 2027 was significant concession to the Socialist Party. Retirement reform was considered a flagship achievement for French President Emmanuel Macron. “Uncertainty on public finances remains elevated ahead of the 2027 presidential elections,” S&P said in its statement. “One example of this is the new…

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