November 5, 2024
Financial market worries over the UK budget appear to ease | Business #UKFinance

Financial market worries over the UK budget appear to ease | Business #UKFinance

CashNews.co

LONDON (AP) — Worries about this week’s tax-raising U.K. budget within financial markets appeared to ease Friday with the interest rates charged on British debt steadying and the pound rising against most other currencies.

In the wake of Wednesday’s budget statement, the first by a Labour government for 14 years, British financial assets have been choppy, with investors taking a more risk-averse approach by selling both government bonds and the pound.

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