October 31, 2024 – Written by Tim Boyer
STORY LINK UK Budget Analysis: FX Markets and Pound Nervous Following Jump in Bond Yields
In the UK budget, Chancellor Reeves announced a £40bn package of tax increases.
According to the Institute of Fiscal Studies (IFS) this is the second largest fiscal tightening on record.
There will be substantial increases in spending and government borrowing will also be increased sharply.
There was an initial decline in bond yields with the 10-year yield declining…
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