TLT•St James's Place described the 2026 UK Autumn Budget as broadly neutral, with £15 billion of fiscal headroom broadly matching market expectations and gilt markets barely reacting.
St James's Place chief economist Hetal Mehta described the 2026 Autumn Budget as broadly neutral, with no major surprises. She said £15 billion of fiscal headroom broadly matched market expectations and gilt markets barely reacted.
Mehta cautioned that fiscal margins remain narrow amid elevated geopolitical risks. High inflation and near-term fiscal support are likely to smooth the path to higher interest rates despite weaker expected growth in 2027. Head of Advice Claire Trott warned that cumulative tax changes could derail long-term financial plans without ongoing advice.
