RE: Budget thread -- Oct 30, 202430 Oct 2024 06:52
Today’s budget is likely to be absorbed over several days, with markets showing none of the panic triggered by Liz Truss's catastrophic mini-budget last year. Truss’s unfunded tax cuts sent shockwaves through markets, spiking borrowing costs and eroding investor confidence. In contrast, this budget, plausibly , will stick to debt control and stable spending targets, steps that reassure investors and help avoid another credibility crisis.