How will Labour’s Budget impact UK markets?

As the UK prepares for Labour’s first Budget under Sir Keir Starmer’s leadership, market observers are debating whether the proposed fiscal measures will unsettle investors. While Labour has committed to avoiding headline increases in income tax, VAT, and National Insurance, concerns remain about potential rises in other taxes like capital gains. Fund managers are watching for signs of market reaction, particularly in sectors like gambling and wealth management, where tax changes could have a direct impact. With memories of past market disruptions still fresh, clarity on policy is critical...