Does the tax U-turn mean interest rates won't rise to 6% as predicted?

The government has reversed some of its tax cuts, but have they gone far enough?

iShares Trust - iShares Dow Jones U.S. ETF (0JH7.L)

LSE - LSE Delayed price. Currency in USD

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137.14

+29.23

(+27.09%)

As of 02:36PM BST. Market open.

Major holders

Currency in USD

Holder	Shares	Date reported	% out	Value
Morgan Stanley	465,936	30 Jun 2022	3.00%	63,898,462
LPL Financial LLC	310,372	30 Jun 2022	2.00%	42,564,415
PNC Financial Services Group, Inc.	184,491	30 Jun 2022	1.19%	25,301,095
Savant Capital LLC	176,260	30 Jun 2022	1.13%	24,172,296
Advisor Group, Inc.	154,317	30 Jun 2022	0.99%	21,163,033
UBS Group AG	144,112	30 Jun 2022	0.93%	19,763,519
Bank of America Corporation	143,229	30 Jun 2022	0.92%	19,642,424
Commonwealth Equity Services, LLC	113,867	30 Jun 2022	0.73%	15,615,720
Royal Bank of Canada	85,237	30 Jun 2022	0.55%	11,689,402
Wells Fargo & Company	81,184	30 Jun 2022	0.52%	11,133,573