UK Tax U-Turn: Budget Chaos & Market Jitters

Chancellor Rachel Reeves has reportedly U-turned on a major income tax hike ahead of the Budget. City AM Editor-in-Chief Christian May explains the political background (including our poll where 66% said Reeves should resign if she raised income tax!) and the market reaction. The £30bn gap needs filling, leading to speculation that 'stealth taxes' like lowering income tax thresholds are now on the table. No amount of spin can hide that it's still a tax rise! #UKPolitics #RachelReeves #TaxCuts #Budget2025 #FinanceNews #YouTubeShorts #Economics