UK chancellor Rachel Reeves is expected to extend the freeze on personal tax thresholds beyond 2028, potentially raising £7bn annually to address a £40bn fiscal gap. This move, seen as a covert income tax hike, would help plug the deficit identified by Reeves, with the Resolution Foundation estimating a significant revenue increase. The freezes, implemented since 2021, have led to a rise in the tax burden and pushed more individuals into higher tax brackets, despite not altering headline rates.
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Celestica Revenue Jumps 21 Percent in Q2
Celestica (NYSE:CLS), a leader in electronics manufacturing services, reported Q2 2025 earnings on July 28, with GAAP revenue of $2.89 billion and adjusted EPS of $1.39, surpassing analyst expectations and reflecting year-over-year growth of 21% and 54%, respectively. The company raised its full-year outlook, driven by strong performance in its Connectivity & Cloud Solutions and Advanced Technology Solutions segments, though customer concentration poses a risk for future volatility. Want More Context? 🔎
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