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UK Stocks Plunge as Investors Brace for Tax Hikes

11/18/2025

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Summary

Story summary

Investors are rapidly selling UK stocks, marking the fastest decline since the Liz Truss mini-Budget, amid expected tax rises from Rachel Reeves.
Bank of America says fund managers sold British stocks at the steepest rate since October 2022.
The FTSE 100 has fallen 1.4% amid global market fears of a US recession.
Concerns rise with warnings of significant layoffs in major companies and upcoming US data after the government shutdown.

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Story summary

Investors are rapidly selling UK stocks, marking the fastest decline since the Liz Truss mini-Budget, amid expected tax rises from Rachel Reeves.
Bank of America says fund managers sold British stocks at the steepest rate since October 2022.
The FTSE 100 has fallen 1.4% amid global market fears of a US recession.
Concerns rise with warnings of significant layoffs in major companies and upcoming US data after the government shutdown.