UK PM Johnson's spokesman: Committed not to increase rate of income tax

British Prime Minister Boris Johnson's spokesman reiterated on Monday that the government made a commitment not to increase rates of income tax, as reported by Reuters.

"The government is committed to the triple lock on pensions," the spokesman further added.

Market reaction

These comments don't seem to be having a noticeable impact on the British pound's performance against its major rivals. As of writing, the GBP/USD pair was up 0.45% on a daily basis at 1.3870. Meanwhile, the UK's FTSE 100 Index clings modest daily gains at 7,027.