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How will the election impact UK gilts?
- Investment Management
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- 05.07.24
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If we consider political events that have impacted the gilts market, we can't help but think of the mini budget in September 2022 when Liz Truss and Kwasi Kwarteng proposed a radical shift in fiscal policy; as a result, we saw a significant increase in volatility and gilts sell off. Nothing like that is going to happen with a Labour government. They have already said they will stick with existing fiscal plans. However, what they will need to do quickly is to conduct a spending review. There will be some changes to taxes like the removal of the tax break for public schools, some tightening of...