Rachel Reeves' reversal on income tax hikes sent UK gilt yields up 10-15 bps and stocks down, undermining investor trust ahead of the Autumn Budget 2025, as markets react to a £20bn fiscal gap and a patchwork of alternative taxes.
Rachel Reeves' reversal on income tax hikes sent UK gilt yields up 10-15 bps and stocks down, undermining investor trust ahead of the Autumn Budget 2025, as markets react to a £20bn fiscal gap and a patchwork of alternative taxes.