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UK's Reeves says leaks about the upcoming budget 'not acceptable'

Published by Global Banking & Finance Review

Posted on November 19, 2025

1 min read

· Last updated: January 20, 2026

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UK's Reeves says leaks about the upcoming budget 'not acceptable'
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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

Reeves Criticizes UK Budget Leaks as Unacceptable

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)

Key Takeaways

  • Rachel Reeves condemns UK budget leaks.
  • Income tax raise plans reportedly abandoned.
  • Market turmoil followed the budget leak reports.
  • Reeves spoke to Sky News about the situation.
  • Leaks confirmed by a person familiar with the matter.

Frequently Asked Questions

What is a financial crisis?
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.
What is corporate tax?
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.
What is the UK economy?
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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