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UK borrowing costs spike on report government to scrap plans to raise income tax

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Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI

 

 

Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025.

Bloomberg | Bloomberg | Getty Images

British government bond yields rose sharply on Friday following reports Finance Minister Rachel Reeves is no longer planning to raise income tax rates in the Autumn Budget later this month.

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