Chancellor's Plot to Increase Tax
It appears that the Chancellor will break Labour's manifesto commitment not to increase income tax in the upcoming Budget.
The nation's finances have a significant black hole, partly due to Labour's actions, which is growing rapidly - from £40 billion to £50 billion in just one week.
This has caused concern in the bond markets, as evident from the recent rise in gilt yields.
No wonder the bond markets are getting edgy again
Author's summary: Chancellor to break tax commitment.
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