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Financial market worries over the UK budget appear to ease

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Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other currencies.

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El primer ministro britnico, Keir Starmer, y la ministra de Hacienda, Rachel Reeves, hablan con miembros del personal en una visita al Hospital Universitario de Coventry y Warwickshire, en Coventry, Inglaterra, el jueves 31 de octubre de 2024.

Other analysts said the public finances will likely need to be bolstered again in coming years if the U.K.'s economic growth doesn't pick up. The Office for Budget Responsibility, an independent watchdog, said in its assessment of the budget that the measures would do little to boost growth levels over the coming years.

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Financial market worries over the UK budget appear to easeWorries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other currencies.
Source: AP - 🏆 728. / 51 Read more »