Rathbones Says UK Autumn Budget Keeps Bond Market Calm but Offers Little Growth Boost
Bitget2026/10/28 17:22- Rathbones' October 28, 2026, analysis found the UK Autumn Budget kept government bond markets calm but offered little growth support.
- Policy changes restored fiscal headroom to £15 billion from £12 billion, still below March's £24 billion buffer.
- Near-term tax cuts and higher spending increase borrowing to ease cost pressures; net tax increases target compliance with the 2029-30 fiscal rule.
- Borrowing risks exceeding forecasts as spending assumptions face scrutiny, leaving debt-to-GDP unlikely to fall significantly from current high levels.
- Investment barriers remain largely intact, limiting prospects for stronger growth needed to improve public finances and raise living standards.
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