DH works in the City and I just asked him about this and he said that financial markets are preparing for turmoil after the budget, particularly if, as expected, a raft of new taxes are introduced.
Reeves is fucking clueless. All the handouts that Labour has promised are currently unfunded (despite their endless 'totally funded' promises pre-election). We all knew this government were going to be shit, but they are SO much worse than we feared 😩