Reeves' Budget: UK Assets Rally, But Challenges Persist
Update: 2025-11-28
Description
Rachel Reeves Autumn Budget: A Mixed Bag for UK AssetsRachel Reeves Autumn Budget, less severe than anticipated, led to a rally in UK assets. The budgets confirmation of a lower fiscal shortfall allowed Reeves to set aside more cash for financial flexibility, avoiding a larger tax increase. The pound traded slightly lower but finished the week roughly one percent higher. Reeves allocated twenty-two billion pounds for fiscal headroom, exceeding market expectations and boosting UK government bonds. However, experts warn that sterling and gilts are not yet out of the woods due to underlying economic weaknesses and conflicting growth and inflation signals, adding uncertainty for UK assets in the medium term.
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