London, Nov 26, 2025 (AFP) - UK tax-raising budget pleases markets despite growth downgrades

NAMPA / AFP

2025-11-26

Britain's government unveiled a tax-raising budget Wednesday welcomed by financial markets, as its hard-hitting action aims to slash state debt as well as fund public services. After finance minister Rachel Reeves boosted Labour's budget headroom by £22 billion ($29 billion), the pound gained strength versus the dollar and euro, while UK government bond yields lowered. Markets appeared to look past the government's downgrades to British economic......

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