Speculation is mounting that the government will perform another U-turn on last month’s mini-Budget.
Kwasi Kwarteng, the chancellor, has flown back from meeting the IMF in Washington DC a day early, fuelling speculation that he will reverse a decision to freeze corporation tax at 19%.
Markets rallied by 3.2% in response to the speculation, but were weighed down by worse than expected inflation figures from the US.
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Including:
Industry leaders are reassured by the likelihood of the sector falling outside of policy changes
Company is monitoring “market volatility”
CFO Shaw will step into top post next year
Prima, Real Living and Cantay Estates have received funding for 189-bed PBSA
