negative
Recently
UK Pound Slides as Tax-Rise Hopes Trigger Market Unease
Sterling drops and UK equity mood sours as tax-rise signals from Chancellor Reeves spook markets.
The British pound fell to its weakest since April after chancellor Rachel Reeves implied imminent tax increases ahead of the Autumn Budget. The drop in sterling and a fall in the FTSE 100 indicated investor anxiety over growth and fiscal policy. Bond yields dipped slightly as rate‐cut speculation rose, but market sentiment remained fragile. Analysts caution that tax hikes combined with stagnant productivity could deepen economic headwinds for the UK.