Quilter Investors' Lindsay James: Can the UK ever emerge from its permafrost?

Post-Budget reaction

After 14 years of Conservative rule, the public finances and the economy is now firmly under new management after Rachel Reeves delivered her first budget.

Following much speculation, and dare we say it doom-mongering from all sides, it was confirmed that taxes will rise by £40bn, spending will increase, and borrowing will be far higher than previous forecasts. It is a bold strategy and one that appears very fragile if the market reaction is anything to go by, with gilt yields rising following a less than rosy outlook from the Office for Budget Responsibility.  Ten key takeaways from Autumn Budget 2024 For a Chancellor elected on a growth mandate, yesterday's forecast from the OBR suggests further surgery on the UK public finances wil...