Over the past few weeks, the economic landscape in the United Kingdom has demonstrated steady signs of optimism, even against a backdrop of global market challenges. Recent survey data indicate a boost in business confidence, paving the way for a gradual recovery as we approach 2025. While domestic indicators point to constructive movement—particularly in the retail sector—global market metrics remind us that caution remains essential.

The U.S. House of Representatives recently approved President Donald Trump’s ambitious $4.5 trillion tax cut plan, fueling notable changes across financial markets. Following the news, U.S. Treasury bond yields climbed amid expectations of an increase in future government debt issuance. Meanwhile, the U.S. dollar and oil prices declined due to mounting fears over the nation’s economic growth outlook. This article delves into how tax reforms are influencing various market sectors and what lies ahead.