Autumn Budget: Tax Hikes & Fiscal Gap

Todays Autumn Budget unveils Chancellor Rachel Reeves spending and taxation plans, amidst speculation of potential tax increases. The kite flying approach by the Treasury has caused confusion, with fund managers already making strategic trades based on anticipated policies. The budget is expected to bridge a twenty billion pound fiscal hole, potentially making it one of the largest tax-raising budgets in post-war history. Markets closely monitor the pounds strength, with investors betting against the currency due to budget speculation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.