World & BusinessUK Treasury reportedly open to smaller fiscal buffer to reduce tax hikes
Investors signal the Budget buffer could fall from a forecast £23.6bn to around £14bn without spooking the gilt market, the Financial Times reports.
TLDR
The Financial Times reports that the UK Treasury is open to accepting less fiscal headroom to reduce tax hikes. The paper says investors signal the Budget buffer could fall from the £23.6bn forecast to around £14bn without spooking the market for gilts, or UK government bonds.
UK Treasury reportedly open to smaller fiscal buffer to reduce tax hikes
Investors signal the Budget buffer could fall from a forecast £23.6bn to around £14bn without spooking the gilt market, the Financial Times reports.