Tories Push for FCA Investigation into Treasury’s Budget Build-up
The Conservative Party is urging the Financial Conduct Authority (FCA) to investigate potential market abuse by individuals at the Treasury and Downing Street in the lead-up to Chancellor Rachel Reeves' recent Budget announcement. Shadow chancellor Mel Stride has sent a letter to the FCA, alleging that confidential information was spun or leaked improperly.Key TakeawaysThe Conservatives are calling for an investigation into possible market abuse by Treasury officials and Downing Street staff.Mel Stride claims leaks and spin from the Treasury led to speculation and volatility in gilt markets.Rachel Reeves denies misleading the public about the state of UK finances prior to her Budget announcement.Stride's letter to the FCA highlights briefings made before the Budget that painted an overly p...
