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UK Pound Slips to April Low After Budget Head-Up Signals Tax Rise
The UK’s currency hit its weakest level since April after Rachel Reeves, Chancellor, signalled upcoming budget tax rises and deferred assurances on income tax thresholds. In a stand-alone speech, she acknowledged deteriorating public finances and insisted all citizens must contribute. The warning triggered market jitters: the pound dropped, and gilt yields rose, reflecting concerns over growth-tax dynamics. The pre-budget caution came days ahead of the official Autumn Budget and weighed on risk assets tied to the UK economy.
Tags:
- economy
- uk
Explore:Mutual Fund Screening
negative
UK Pound Slips to April Low After Budget Head-Up Signals Tax Rise
The UK’s currency hit its weakest level since April after Rachel Reeves, Chancellor, signalled upcoming budget tax rises and deferred assurances on income tax thresholds. In a stand-alone speech, she acknowledged deteriorating public finances and insisted all citizens must contribute. The warning triggered market jitters: the pound dropped, and gilt yields rose, reflecting concerns over growth-tax dynamics. The pre-budget caution came days ahead of the official Autumn Budget and weighed on risk assets tied to the UK economy.
Tags:
- economy
- uk
Explore:Mutual Fund Screening
1 min read
78 words
UK pound falls as chancellor hints at tax rises ahead of budget, raising growth-tax worries.
The UK’s currency hit its weakest level since April after Rachel Reeves, Chancellor, signalled upcoming budget tax rises and deferred assurances on income tax thresholds. In a stand-alone speech, she acknowledged deteriorating public finances and insisted all citizens must contribute. The warning triggered market jitters: the pound dropped, and gilt yields rose, reflecting concerns over growth-tax dynamics. The pre-budget caution came days ahead of the official Autumn Budget and weighed on risk assets tied to the UK economy.
The UK’s currency hit its weakest level since April after Rachel Reeves, Chancellor, signalled upcoming budget tax rises and deferred assurances on income tax thresholds. In a stand-alone speech, she acknowledged deteriorating public finances and insisted all citizens must contribute. The warning triggered market jitters: the pound dropped, and gilt yields rose, reflecting concerns over growth-tax dynamics. The pre-budget caution came days ahead of the official Autumn Budget and weighed on risk assets tied to the UK economy.
Tags:
- economy
- uk
- economy
- uk
- currency
- tax
- gilt-yields