Market Credibility Scare

Investors conclude that the government is moving too slowly or that political constraints will prevent a full fiscal repair. The memory of the 2022 mini-Budget makes UK assets vulnerable to even a modest loss of credibility, though the Bank of England and Treasury are far more alert to market stress than they were under Liz Truss.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.