Summary
An investigation is being conducted into leaks from the UK Treasury that happened before the latest Budget announcement. These leaks revealed several planned policies early, which affected business confidence and market activities. Chancellor Rachel Reeves is supporting this inquiry to prevent future leaks.
Key Facts
- An investigation is looking into leaks from the UK Treasury about Budget plans before the official announcement.
- The leaks included policies on income tax, electric vehicle charges, and a tourist tax.
- The inquiry has full support from Chancellor Rachel Reeves and is led by Treasury civil servant James Bowler.
- The Speaker of the Commons, Sir Lindsay Hoyle, criticized the leaks and emphasized the need for proper procedure.
- Leaks reportedly impacted market confidence and influenced interest rates on UK debt.
- A pre-Budget survey showed over half of business leaders delayed investments due to the uncertainty.
- Concerns about the leaks caused some people to withdraw pension savings earlier than planned.
