A Stock Trader’s Guide to Navigating a High-Stakes UK Budget

Equity investors are bracing for one of the most keenly anticipated UK budgets in years, as Chancellor Rachel Reeves looks for an estimated £30 billion ($39 billion) to plug a hole in the public finances and restore fiscal credibility.

The run-up has been peppered with U-turns and a political crisis. Reeves’ apparent move to abandon plans for an income tax increase has left companies wary of a possible patchwork of levies. Sectors on the frontline Wednesday could include banks, housebuilders, retailers and commercial landlords.