This special episode dives into the market reaction to the latest UK Budget with Carl Stick and Alan Dobbie, co-managers of Rathbone Income fund. They discuss initial relief, fiscal headroom, and the weeks of uncertainty that froze corporate decision-making. We explore whether the UK remains a compelling market, how overseas investors are responding and why large-cap and mid-cap valuations still look attractive. The conversation covers inflation, interest rates, sector opportunities, buybacks, and how tax changes may influence companies and investors. A timely and insightful breakdown of what the Budget means for UK PLC and long-term equity investors.

What’s covered in this episode: 

• Budget reaction: relief vs frustration
• UK fiscal outlook and market confidence
• Impact on businesses and investment decisions
• UK equity valuations vs US
• Overseas money returning to UK
• Large-cap income appeal
• Mid-cap opportunities post-Budget
• Sectors benefiting from falling rates
• Housebuilders and demand recovery
• Buybacks across large and mid-caps
• Tax changes and investor behaviour
• Long-term case for reallocating to the UK

More about this fund: Rathbone Income is a multi-cap UK equity income fund, which gives investors exposure to a concentrated portfolio of companies with high quality and visible earnings. It invests predominantly in UK equities (80% or more), while up to 20% of the total may be held in cash and overseas equities.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.