U.K. Finance Minister's Budget

This is a U.K. news story, published by CNBC, that relates primarily to Rachel Reeves news.

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debut budget

CNBC

•

Britain's Labour government to deliver debut Budget this week, settling weeks of uncertainty

Summary

Nutrition label

84% Informative

U.K. Finance Minister Rachel Reeves will deliver the government's debut budget on Wednesday .

Labour has repeatedly ruled out increases to income tax, National Insurance social security payments, value-added tax (a sales levy) and corporation tax.

Changes to employer taxes, inheritance tax, capital gains tax, and a freeze on personal income tax thresholds remain on the table.

Consumer confidence fell in October to its lowest level since March , GfK shows.

Business confidence also slipped to an 11-month low this month , S&P Global flash figures indicated Thursday .

Government borrowing costs have risen sharply as memories of Liz Truss's "mini-budget" remain close to mind.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity