Five ways the UK’s Autumn Budget could shock us

ING’s James Smith examines five ways the UK Autumn Budget could surprise investors as higher borrowing costs constrain fiscal flexibility. Five ways the UK’s Autumn Budge…

• Fiscal headroom could fall from £24bn to around £10bn, although stronger wage forecasts could materially improve the outlook.
• ING expects roughly £5–6bn of tax increases alongside modest cost-of-living support and higher capital spending.
• Larger spending commitments, stronger minimum-wage growth or heavier gilt issuance could reinforce expectations for higher UK interest rates.

Explore the full report for the key fiscal scenarios that could move UK markets.