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The Labour government is set to unveil its first budget in 14 years on October 30, aiming to manage expectations by pre-releasing negative information to avoid market instability. With a cautious approach following the Conservative Party's previous economic turmoil, no increases in income tax, VAT, or National Insurance are expected.Investors may see a relief rally in UK stocks and a strengthening of the pound, despite potential challenges for sectors like gambling and wealth management. Anticipated changes to capital gains tax could impact investment, while infrastructure investments may boost housing stocks, particularly benefiting major builders like Barratt Redrow.
Barratt Redrow
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UK budget expectations signal cautious approach and potential market reactions
British Pound Sterling
St. James's Place plc
Entain plc
Flutter Entertainment plc
Barratt Redrow plc
GBR
Barratt Redrow
Rachel Reeves
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22:47 28.10.2024
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