The market consequences of Reeves/Starmer’s potential demise
Although the Chancellor, Rachel Reeves, succeeded in reducing gilt yields by 5-15 basis points and raising the pound by 0.3% after the Budget, the chances of a gilt market sell-off remain high, particularly if Reeves and/or Starmer are replaced by a less fiscally prudent Chancellor and PM.
We’re hosting a 20-minute online briefing at 3pm GMT on Wednesday 3rd December to discuss what the Budget means for the residential and commercial property outlook. (Register here.)
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