8legs: Financial conduct authority

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Call for probe into 'possible market abuse' in Budget run-up

Stride called on the FCA to probe possible market abuse linked to Treasury and Downing Street briefings ahead of the Budget.
Reeves denied mislead claims while noting she and officials were told finances were better than expected.
Leaked briefings triggered market reactions as the Budget details were announced.
Stride warned of spin and leaks that may have driven market speculation and volatility.
Reeves defended the Budget outline, saying headroom was not large enough for extensive changes.
The Office for Budget Responsibility had signaled the public finances were on track earlier than feared.
Party leaders urged Reeves to resign amid allegations of misleading briefings.
The Budget included tax rises and extended tax threshold freezes affecting many Britons.
Reaction from markets and scrutiny of the Treasury briefing continued after the Budget.
Other parties joined calls for FCA action over claims of false and misleading briefings.

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