JPMAM's Karen Ward warns Reeves UK is at its tax limit

‘Have to curtail government spending’

Eve Maddock-Jones
clock • 3 min read

JP Morgan Asset Management’s EMEA chief market strategist Karen Ward has warned Chancellor Rachel Reeves that the UK economy is “at the limits of what tax it is willing to pay” and urged her to “curtail government spending” and “have an honest conversation about what [the government] can afford”.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK inflation data for February 'little more than a relic' as it holds at 3%
UK

UK inflation data for February 'little more than a relic' as it holds at 3%

Uncertainty over central bank rates

Michael Nelson
clock 25 March 2026 • 3 min read
Franklin Templeton Institute's Michael Browne: The unravelling of the UK property dream
UK

Franklin Templeton Institute's Michael Browne: The unravelling of the UK property dream

Politicians 'need rising house prices'

Michael Browne
clock 25 March 2026 • 4 min read
Political instability hits fund group allocations to UK gilts
UK

Political instability hits fund group allocations to UK gilts

Quilter Investor Trends survey

Michael Nelson
clock 24 March 2026 • 2 min read
Trustpilot