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UK's Reeves says leaks about the upcoming budget 'not acceptable'
Published by Global Banking and Finance Review
Posted on November 19, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 19, 2025
1 min readLast updated: January 20, 2026
Rachel Reeves criticizes leaks about the UK budget as unacceptable, following reports of abandoned income tax plans causing market turmoil.
LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday that leaks about next week's government were "not acceptable," following reports that she had abandoned plans to raise income tax on November 26.
Reeves made the remark to Sky News when asked about the market turmoil following the reports last week, which were confirmed by a person familiar with the situation.
(Reporting by Muvija M; Editing by Kate Holton)
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, often leading to a loss of confidence and economic instability.
Corporate tax is a tax imposed on the income or profit of corporations. It varies by jurisdiction and can significantly impact business operations and investment decisions.
The UK economy encompasses the economic activities and financial systems of the United Kingdom, including production, consumption, and trade, influenced by various domestic and international factors.
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