Investors withdrew record amounts from equity funds ahead of Budget tax grab – is now a good time to back Britain?

UK equity funds took the brunt of investor withdrawals ahead of the Autumn Budget

Man looking at computer
(Image credit: Getty Images/Maria Korneeva)

Nervous investors withdrew record amounts of money from equity funds in the build-up to the Budget, data suggests.

Chancellor Rachel Reeves had warned of “tough decisions” in her Autumn Budget and ended up revealing £40 billion of tax rises.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.