UK Budget outlook: spending, taxes, and borrowing

As the first Budget from the new Labour government approaches, speculation points to higher spending, taxes, and borrowing. While falling inflation and rising retail sales provide some good news, concerns linger over the impact on financial markets, particularly regarding tax hikes. The economic outlook has slightly improved, with the possibility of rate cuts by the Bank of England offering some relief to borrowers. However, significant tax increases on capital gains, inheritance, and excise duties suggest that the 30 October Budget will still present challenges. Watch the full video to explore...