How Will UK Markets React To Tomorrow’s Autumn Budget?
Tomorrow, UK Chancellor Jeremy Hunt will deliver his Autumn Budget, which he has warned will include tax rises and significant cuts to public spending. His predecessor, Kwasi Kwarteng, has given him a difficult act to follow. When the mini-budget package was revealed to include a series of unfunded tax cuts on 23 September, the pound fell to a 37-year low against the dollar. Q3 2022 hedge fund letters, conferences and more Autumn Budget OutlineIn the run-up to Hunt’s announcement, the Office for Budget Responsibility warned the chancellor that UK public borrowing is estimated to be £70bn more ...