Autumn Budget in Peril: Soaring Borrowing Costs, Trade Deficit, and Tax Tweaks on the Table

Chancellor John Healey is weighing a £3,000 increase to the personal allowance — raising the income tax threshold from £12,570 to £15,570 — in next month’s Autumn Budget. If adopted, it would be the first rise since 2021 and could put roughly £600 back in the pocket of millions of basic‑rate taxpayers. The move is designed to ease the cost‑of‑living squeeze and, according to green energy donor Dale Vince, could boost GDP growth by 1.2%. But it comes...