Overview

• Chancellor Rachel Reeves is under pressure to address a £22bn economic shortfall inherited from the previous government, with potential tax increases on the horizon.
• Speculation surrounds possible changes to capital gains tax, causing concern among investors and prompting some to consider selling assets prematurely.
• Public sentiment urges the government to focus on equitable tax policies, increased spending on the NHS and education, and support for small businesses.
• Business leaders express anxiety over potential tax hikes, fearing impacts on investment, job creation, and economic growth.
• Reeves aims to reassure markets by distinguishing between current and capital spending, seeking to maintain fiscal discipline while fostering long-term growth.