{"id":569623,"date":"2025-11-14T10:23:12","date_gmt":"2025-11-14T10:23:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/569623\/"},"modified":"2025-11-14T10:23:12","modified_gmt":"2025-11-14T10:23:12","slug":"income-tax-u-turn-throws-budget-into-chaos","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/569623\/","title":{"rendered":"Income tax U-turn throws Budget into chaos"},"content":{"rendered":"<p>\t\t\tFriday 14 November 2025 6:45 am<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tFriday 14 November 2025 8:40 am\n\t<\/p>\n<p>\t\t\tShare<\/p>\n<ul>\n<li class=\"social-share__popup-item\">\n<p>\t\t\t\t\t\tFacebook\t\t\t\t\t\tShare on Facebook\n\t\t\t\t<\/li>\n<li class=\"social-share__popup-item\">\n<p>\t\t\t\t\t\tX\t\t\t\t\t\tShare on Twitter\n\t\t\t\t<\/li>\n<li class=\"social-share__popup-item\">\n<p>\t\t\t\t\t\tLinkedIn\t\t\t\t\t\tShare on LinkedIn\n\t\t\t\t<\/li>\n<li class=\"social-share__popup-item\">\n<p>\t\t\t\t\t\tWhatsApp\t\t\t\t\t\tShare on WhatsApp\n\t\t\t\t<\/li>\n<li class=\"social-share__popup-item\">\n<p>\t\t\t\t\t\tEmail\t\t\t\t\t\tShare on Email\n\t\t\t\t<\/li>\n<\/ul>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/1763115792_755_City-AM-Live-Blog.jpeg\" class=\"media \" alt=\"City AM live blog updates on latest news and business events in an urban setting with bustling streets and skyscrapers\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tThe City AM FTSE 100 liveblog with your top market stories.<\/p>\n<p>Good morning from the <strong>City AM <\/strong>liveblog team.<\/p>\n<p>The FTSE 100 ended a dim trading session falling over one per cent into the red yesterday after a fleet of miserable corporate news and gloomy corporate updates weighed on the index.<\/p>\n<p>Fresh data revealed the UK economy grew a sluggish 0.1 per cent in the third quarter, falling below the 0.2 per cent estimated by economists.<\/p>\n<p>The City was given positive updates from Rolls-Royce and Aviva, but this wasn\u2019t enough to offset the dull mood as laid bare by top business bosses over the last few days.<\/p>\n<p>Earlier this week we saw Taylor Wimpey shares slump after the homebuilders\u2019 top boss blamed weak market conditions on the uncertainty surrounding the forthcoming Budget.<\/p>\n<p>Meanwhile, the boss of one of Britain\u2019s biggest pub chains took aim at a \u201clack of clear plan\u201d from the Chancellor as the hospitality sector braces for another round of tax rises at the forthcoming Budget.<\/p>\n<p>The Budget jitters come as speculation mounts that the City\u2019s <a href=\"https:\/\/www.londonstockexchange.com\/indices\/ftse-100\" target=\"_blank\" rel=\"noopener noreferrer\">blue-chip index<\/a> could net the magic 10,000 mark.<\/p>\n<p>Earlier this week the FTSE 100 inched to a new intraday high of 9,930.09 before giving up some gains and failing to hit that next milestone. <\/p>\n<p>Could it be the Budget uncertainty holding the index back?<\/p>\n<p>Dan Coatsworth, head of markets at AJ Bell, said: \u201cInvestor sentiment is still guided by what\u2019s happening on these shores.<\/p>\n<p>\u201cThe Budget will be the key test for the market. Anything deemed negative for the economy could weigh on shares in the retail, banking, construction, housebuilding and property sectors.\u201d<\/p>\n<p><strong>Here are a few of our top stories from yesterday:<\/strong><\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/ftse-100-live-10000-mark-in-shot-uk-economic-growth-figures\/\" target=\"_blank\" rel=\"noopener noreferrer\">FTSE 100 Live: Economy grows 0.1 per cent; Rolls-Royce eyes profit jump<\/a><\/p>\n<p>The liveblog has ended.<\/p>\n<p>No liveblog updates yet.<\/p>\n<p>Load more<\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Friday 14 November 2025 6:45 am \u00a0|\u00a0\u00a0Updated:\u00a0 Friday 14 November 2025 8:40 am Share Facebook Share on Facebook&hellip;\n","protected":false},"author":2,"featured_media":569624,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28233,1194,180894,51,61082,1880,178916,53676,178917,178918,180895,3097,2441,12,619,1678,977,16,10051,10788,15],"class_list":{"0":"post-569623","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-aviva","9":"tag-budget","10":"tag-budget-2024","11":"tag-business","12":"tag-ftse","13":"tag-ftse-100","14":"tag-ftse-150","15":"tag-ftse-250","16":"tag-ftse-350","17":"tag-ftse-aim","18":"tag-ftse-all-share","19":"tag-london-stock-exchange","20":"tag-markets","21":"tag-news","22":"tag-rachel-reeves","23":"tag-rolls-royce","24":"tag-stock-market","25":"tag-uk","26":"tag-uk-economy","27":"tag-uk-government","28":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115547564249337720","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/569623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=569623"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/569623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/569624"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=569623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=569623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=569623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}