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UK assets under pressure

On 23 September, UK Chancellor Kwasi Kwarteng announced a “mini-budget” including tax cutting measures.
29 September 2022
    Download the full reportPDF, 1.14MB

    Key takeaways

    • On 23 September, UK Chancellor Kwasi Kwarteng announced a “mini-budget” including tax cutting measures
    • The market reaction to the announcement saw a rapid sell-off in UK government bonds and the pound sterling (GBP)
    • At this juncture, market volatility remains elevated with significant uncertainty over upcoming policy moves and interventions. Restoring investor confidence will be key for UK asset prices to stabilise