St James's Place says UK Autumn Budget delivers no major fiscal surprises

By Public Technologies
  • St James's Place chief economist Hetal Mehta described the 2026 Autumn Budget as broadly neutral, with no major surprises.
  • Mehta said £15 billion of fiscal headroom broadly matched market expectations, with gilt markets barely reacting.
  • Fiscal margins remain narrow amid elevated geopolitical risks, she cautioned.
  • 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.


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