The UK’s Autumn Budget revealed a surprise £22 billion fiscal headroom for 2029–2030, easing fiscal concerns, lowering gilt yields, and boosting the pound, as the OBR raised this year’s GDP forecast and markets welcomed credible fiscal plans.
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https://en.infomaxai.com/news/articleView.html?idxno=92655
#YonhapInfomax #UKBudget #FiscalHeadroom #GiltYields #PoundSterling #OBRForecasts #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=92655
UK Surprises Markets with £22 Billion Fiscal Headroom—Gilt Yields Fall, Pound Rises
The UK’s Autumn Budget revealed a surprise £22 billion fiscal headroom for 2029–2030, easing fiscal concerns, lowering gilt yields, and boosting the pound, as the OBR raised this year’s GDP forecast and markets welcomed credible fiscal plans.