BUDGET 2025: FTSE 100 edges up after tax-heavy Budget
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The FTSE 100 index, which is made up of the biggest companies listed on the London Stock Exchange, has risen slightly after the Office for Budget Responsibility (OBR) forecast that the government should have around £22 billion in ‘fiscal headroom’ (also known as ‘wiggle room’) in five years’ time.
That’s considerably higher than economists expected, with a recent poll showing they anticipated headroom of around £17 billion.
At the time of writing, the FTSE 100 was hovering up at around 0.67%, while the FTSE 250 was up 0.79%.
It comes after the OBR accidentally published its Budget forecast documents early in an unprecedented leak that was blasted by the House of Commons.
Markets don’t always like what taxpayers like. So, while higher taxes spell bad news for households, they signal that the government should be better off long-term, which is good news for investors.
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