Hunt minces mini budget in latest government U-turn
Chancellor’s emergency statement saw most tax cuts scrapped, with universal energy bill support to end in April 2023
Macro News
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Weekly outlook: Latest inflation figures set to spook the BoE as Netflix reports
Key events for UK wealth managers for the week starting 17 October
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Shrinking economy unlikely to impact BoE rate rises
Industry commentators lament as the UK ‘can’t seem to catch a break’
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Weekly Outlook: Unemployment data set to impact BoE rate rises
Key events for UK wealth managers for the week starting 10 October
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Fitch downgrades UK’s outlook to negative
Ratings agency cites ‘lack of independent evaluation’ of mini budget among reasons
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Industry backs chancellor’s plan to extend VCTs beyond 2025
Half of VCTs sell their goods and services abroad, compared to the UK average of 10%
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Property funds fare worst in a sorry September for investors
While US bonds, healthcare and Latin America deliver the only bright spots
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Second Kwarteng climbdown sees fiscal plan brought forward
But sterling rebound may not mean confidence in the government is on the rise
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Kwarteng backtracks on tax cut for highest earners
The ’embarrassing’ U-turn follows criticism from Conservative MPs and the IMF
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Weekly Outlook: Federal Reserve’s eagle eye on US jobs data
Key events for UK wealth managers for the week starting 3 October
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IMF rebukes UK tax cut plans
As Bank of England rolls out government bond buying programme in an effort to calm markets
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UK’s credibility questioned as pound hit record low
Industry commentators criticise ‘reckless’ actions by Liz Truss and Kwasi Kwarteng
