UK gilt yields jump after PM fails to rule out tax hikes as Reeves rental licence saga escalates

‘Inadvertent failure’

Eve Maddock-Jones
clock • 3 min read

UK gilt yields have spiked after the prime minster failed to rule out major tax hikes and claims of hypocrisy and concerns over whether Rachel Reeves will be the one delivering the highly anticipated Autumn Budget have escalated, after the chancellor admitted to breaching housing rules when renting out her family home in the latest saga for the Labour government.

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