Will the October Budget hit the housing market recovery?

Two years after the mini Budget under Tory prime minister Liz Truss and chancellor Kwasi Kwarteng led to financial market turmoil and soaring mortgage rates, the upcoming October Budget under chancellor Rachel Reeves is anticipated to bring uncertainty amid fears of tax rises. Despite mortgage rates decreasing and house prices rising, concerns linger over the potential impact of tax hikes on market stability and purchasing power. Reeves must navigate carefully to avoid repeating past mistakes and maintain economic credibility while addressing market expectations and fiscal responsibilities.

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