U.K. budget market talk: possible tax rises and spending cuts
U.K. government could raise taxes, reduce public spending, or consider both ahead of the October 28 budget as borrowing costs advance, AJ Bell’s Dan Coatsworth said, citing multi-decade-high gilt yields and inflation concerns.
K. government could raise taxes, cut public spending or consider both at the October 28 budget, AJ Bell's Dan Coatsworth said in a note, citing rising borrowing costs. Gilt yields hit multi-decade highs last week and remain near those levels amid inflation concerns.