UK Bond Investors Question Government’s Credibility on Flip Flop
Bond investors are doubting the UK government’s fiscal credibility after reports that Chancellor of the Exchequer Rachel Reeves will drop a widely-expected increase in income tax in this month’s budget.
By Alice Gledhill, Naomi Tajitsu, Sujata Rao · Bloomberg Markets
Bond investors are doubting the UK government’s fiscal credibility after reports that Chancellor of the Exchequer Rachel Reeves will drop a widely-expected increase in income tax in this month’s budget.