"Reeves is also reportedly looking again at slashing the allowance for cash ISAs to boost investment in UK equities. It will take a lot more than tweaking around with allowances for retail investors to do this. And I'm not sure about the second order effects - do you move up the risk curve or just plump for less tax efficient cash rates?"
"Shore Capital pull no punches: The Treasury does "not understand the damage they are causing to this country's consumer economy.""
""I believe that China purposefully not buying our Soybeans... is an Economically Hostile Act. We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution""
"European stock markets opened marginally higher in early trade on Wednesday. The FTSE 100 is largely tracking sideways after the latest pullback, but is still up 2% in the last month. LVMH gave a boost to the luxury sector with shares popping 12% as it reported organic growth for the first time this year. Burberry shot 6% higher on the read across from the French firm's results, while Kering was 7% higher. LVHM saw solid demand in Europe and Asia and noticeable improvement in purchasing trends in Asia, except in Japan. The lift sent the CAC up 2%. Paris was also trading higher and French bond yields lower as newly reappointed PM Lecornu said he'd ditch President Macron's flagship pension reforms in a frantic bid to pass the budget for 2026."
Rachel Reeves is pitching Britain as a paragon of stability and growth at the IMF while preparing one of the most consequential budgets in a generation. Shore Capital warns that the Treasury "not understand the damage they are causing to this country's consumer economy." Reeves is reportedly reviewing cutting the cash ISA allowance to push retail investors into UK equities, raising questions about second-order effects and whether investors will accept more risk or simply lose tax efficiency. Trump accused China of economically hostile acts over soybeans and threatened trade reprisals involving cooking oil. European markets edged higher, led by strength in luxury stocks and political moves in France to ease budget passage.
Read at London Business News | Londonlovesbusiness.com
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