Finance
Normal for markets to respond to budget plans, minister says
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LONDON (Reuters) – The recent volatility in British financial markets, including a rise in government
LONDON (Reuters) – The recent volatility in British financial markets, including a rise in government bond yields and a fall in the value of the pound following the new government’s first budget on Wednesday, was not unusual, Treasury minister Darren Jones said.
“Markets always respond to budgets in the normal way,” he told Sky News on Friday. “There’s a lot of new information about the economy and the nation’s finances presented to parliament, and it’s normal for markets to respond.”
(Reporting by Catarina Demony,; Writing by Paul Sandle,; Editing by William Schomberg)
Market volatility refers to the rate at which the price of securities increases or decreases for a given set of returns. High volatility indicates a higher risk and potential for significant price swings.
The UK economy is the economic system of the United Kingdom, characterized by a mix of private and public enterprise. It includes various sectors such as services, manufacturing, and agriculture.
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