Chancellor John Healey will deliver the centrepiece of the government’s financial calendar – the Autumn Budget – in 12 days. Platforms have said investor behaviour has not changed as drastically as the previous two offerings in the run-up.
A far cry from the rampant speculation and hysteria surrounding former chancellor Rachel Reeves' two Budgets – which stuffed the Treasury's coffers with an extra £66bn – the new Labour administration has made efforts to assure markets this fiscal event will be calmer. Prime Minister Andy Burnham has sought, at length, to reassure bond markets that the public finances are in safe hands, repeatedly insisting he will adhere to both Reeves' fiscal rules on spending and borrowing and the Labour Party's 2024 manifesto – taking income tax, VAT and national insurance hikes off the table and leav...
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