{"id":262159,"date":"2025-11-14T09:46:11","date_gmt":"2025-11-14T09:46:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/262159\/"},"modified":"2025-11-14T09:46:11","modified_gmt":"2025-11-14T09:46:11","slug":"income-tax-u-turn-throws-budget-into-chaos","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/262159\/","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<p>\t\t\t\t\t\tFacebook\t\t\t\t\t\tShare on Facebook\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tX\t\t\t\t\t\tShare on Twitter\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tLinkedIn\t\t\t\t\t\tShare on LinkedIn\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tWhatsApp\t\t\t\t\t\tShare on WhatsApp\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tEmail\t\t\t\t\t\tShare on Email\t\t\t\t\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/11\/1763113571_770_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 City AM 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 nofollow\">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>Here are a few of our top stories from yesterday:<\/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 nofollow\">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":262160,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[55990,458,84483,84,12897,2016,105842,42027,105843,105844,108330,59,53651,467,50,1445,7399,4767,56,1893,735,54,55],"class_list":["post-262159","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-aviva","tag-budget","tag-budget-2024","tag-business","tag-ftse","tag-ftse-100","tag-ftse-150","tag-ftse-250","tag-ftse-350","tag-ftse-aim","tag-ftse-all-share","tag-gb","tag-london-stock-exchange","tag-markets","tag-news","tag-rachel-reeves","tag-rolls-royce","tag-stock-market","tag-uk","tag-uk-economy","tag-uk-government","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/262159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=262159"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/262159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/262160"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=262159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=262159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=262159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}