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?

Virgin Money UK PLC (VMUK.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)

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126.10

+1.80

(+1.45%)

At close: 04:35PM BST

Time period:

03 Oct 2021 - 03 Oct 2022

Show:

Historical prices

Frequency:

Daily

Currency in GBpDownload

Date	Open	High	Low	Close*	Adj. close**	Volume
03 Oct 2022	122.75	127.25	120.80	126.10	126.10	3,208,145
30 Sept 2022	122.75	128.15	122.40	124.30	124.30	4,795,509
29 Sept 2022	129.05	129.85	121.75	122.50	122.50	9,032,185
28 Sept 2022	129.50	129.55	124.35	126.05	126.05	7,495,716
27 Sept 2022	134.05	137.30	132.65	132.65	132.65	6,409,355
26 Sept 2022	140.05	141.15	126.85	132.30	132.30	7,614,783
23 Sept 2022	144.65	146.35	141.45	141.45	141.45	2,844,455
22 Sept 2022	145.65	149.60	145.05	145.20	145.20	2,113,146
21 Sept 2022	147.00	151.20	146.70	148.30	148.30	7,817,643
20 Sept 2022	150.75	151.85	146.30	146.95	146.95	3,373,498
16 Sept 2022	147.30	151.50	147.30	149.65	149.65	6,053,321
15 Sept 2022	148.45	152.00	148.45	151.40	151.40	3,183,157
14 Sept 2022	150.75	153.50	148.80	149.50	149.50	3,271,941
13 Sept 2022	158.00	158.45	154.50	155.00	155.00	2,686,512
12 Sept 2022	157.10	158.01	155.50	156.80	156.80	1,759,904
09 Sept 2022	149.30	155.50	149.30	154.45	154.45	2,228,226
08 Sept 2022	151.95	152.55	147.50	152.55	152.55	1,822,569
07 Sept 2022	148.35	151.45	147.65	147.65	147.65	1,775,584
06 Sept 2022	150.25	153.60	146.60	152.80	152.80	3,655,056
05 Sept 2022	152.50	152.50	145.10	147.30	147.30	2,303,308
02 Sept 2022	148.75	151.35	146.05	150.50	150.50	1,519,288
01 Sept 2022	150.00	150.00	145.00	145.30	145.30	1,765,214
31 Aug 2022	149.00	151.35	148.85	149.60	149.60	2,290,952
30 Aug 2022	145.00	151.70	145.00	147.85	147.85	2,563,147
26 Aug 2022	145.50	149.80	145.00	145.05	145.05	1,446,580
25 Aug 2022	147.90	150.05	146.30	147.15	147.15	1,109,492
24 Aug 2022	144.65	146.55	143.35	145.30	145.30	2,006,133
23 Aug 2022	145.55	146.80	143.96	145.60	145.60	1,356,448
22 Aug 2022	149.80	149.80	144.40	144.80	144.80	2,083,717
19 Aug 2022	153.00	153.35	149.90	150.25	150.25	2,744,168
18 Aug 2022	153.00	154.80	152.80	152.95	152.95	1,112,680
17 Aug 2022	156.80	156.95	152.80	153.35	153.35	1,682,017
16 Aug 2022	155.65	156.70	154.65	155.65	155.65	1,263,480
15 Aug 2022	159.40	159.40	153.70	154.15	154.15	2,065,309
12 Aug 2022	160.00	160.00	157.65	157.70	157.70	1,379,146
11 Aug 2022	160.00	160.00	157.15	157.30	157.30	1,951,674
10 Aug 2022	152.35	158.65	152.35	157.60	157.60	2,604,746
09 Aug 2022	153.55	155.60	152.95	152.95	152.95	1,328,210
08 Aug 2022	153.95	155.00	150.65	154.10	154.10	1,698,481
05 Aug 2022	153.70	155.55	153.10	153.85	153.85	1,547,731
04 Aug 2022	153.90	156.30	151.53	153.35	153.35	5,583,079
03 Aug 2022	150.00	151.95	148.40	150.65	150.65	2,033,099
02 Aug 2022	144.85	148.65	140.95	147.70	147.70	2,531,059
01 Aug 2022	144.45	147.68	143.80	143.90	143.90	2,463,144
29 Jul 2022	142.45	146.00	141.50	143.20	143.20	2,517,546
28 Jul 2022	143.00	143.20	140.45	141.65	141.65	1,976,035
27 Jul 2022	141.00	142.10	140.20	140.25	140.25	3,352,382
26 Jul 2022	142.10	142.95	139.70	140.25	140.25	1,714,767
25 Jul 2022	139.50	143.65	139.50	141.80	141.80	1,715,190
22 Jul 2022	142.70	143.55	140.75	141.60	141.60	4,422,812
21 Jul 2022	144.10	144.10	136.60	139.70	139.70	2,302,025
20 Jul 2022	141.00	142.60	138.00	140.85	140.85	2,434,288
19 Jul 2022	137.40	139.20	134.55	139.00	139.00	2,401,925
18 Jul 2022	135.65	135.80	133.05	134.50	134.50	2,152,907
15 Jul 2022	130.25	132.95	128.65	132.95	132.95	1,793,113
14 Jul 2022	134.00	134.00	128.00	129.80	129.80	2,636,139
13 Jul 2022	134.00	134.50	129.60	131.05	131.05	2,611,927
12 Jul 2022	130.65	134.25	129.45	133.90	133.90	9,818,714
11 Jul 2022	137.00	137.00	132.40	134.00	134.00	9,831,226
08 Jul 2022	137.00	137.00	133.35	135.35	135.35	1,871,080
07 Jul 2022	133.55	136.50	133.55	136.05	136.05	2,557,864
06 Jul 2022	132.00	135.20	130.93	132.00	132.00	6,080,150
05 Jul 2022	136.95	137.80	131.20	131.60	131.60	2,620,117
04 Jul 2022	134.45	138.35	134.05	136.25	136.25	2,741,452
01 Jul 2022	127.90	136.15	127.90	132.35	132.35	4,858,430
30 Jun 2022	129.35	136.40	128.00	130.75	130.75	6,419,661
29 Jun 2022	130.00	131.15	127.30	128.25	128.25	3,231,094
28 Jun 2022	132.00	132.70	129.50	132.10	132.10	2,290,204
27 Jun 2022	131.85	134.40	130.25	131.50	131.50	3,361,343
24 Jun 2022	127.35	132.15	127.20	131.40	131.40	1,838,650
23 Jun 2022	129.20	131.10	126.00	126.50	126.50	3,664,724
22 Jun 2022	125.40	132.75	123.45	130.50	130.50	4,242,522
21 Jun 2022	126.00	128.55	124.25	126.60	126.60	9,540,628
20 Jun 2022	127.00	127.00	122.70	126.55	126.55	4,824,316
17 Jun 2022	126.00	129.00	124.25	124.25	124.25	8,719,501
16 Jun 2022	131.00	132.70	125.85	126.90	126.90	8,849,071
15 Jun 2022	129.30	136.20	129.30	132.20	132.20	7,761,358
14 Jun 2022	132.90	134.65	130.45	131.10	131.10	3,852,460
13 Jun 2022	138.00	138.00	129.35	133.80	133.80	2,405,617
10 Jun 2022	139.20	140.00	136.15	136.15	136.15	2,274,786
09 Jun 2022	144.85	145.75	140.85	140.85	140.85	1,348,577
08 Jun 2022	143.00	144.45	142.25	143.30	143.30	2,469,342
07 Jun 2022	146.00	146.95	143.75	145.20	145.20	3,931,159
06 Jun 2022	148.40	148.45	145.05	147.30	147.30	5,323,835
01 Jun 2022	149.75	150.90	147.10	147.10	147.10	1,425,562
31 May 2022	152.00	152.45	148.15	148.60	148.60	3,853,846
30 May 2022	154.25	155.65	151.60	152.75	152.75	1,479,126
27 May 2022	156.00	156.00	151.65	152.85	152.85	1,271,753
26 May 2022	153.00	154.00	149.95	153.20	153.20	1,598,182
25 May 2022	150.00	152.40	147.80	151.30	151.30	3,983,532
24 May 2022	148.10	153.20	148.10	150.15	150.15	3,680,975
23 May 2022	145.05	152.60	144.20	152.60	152.60	8,462,616
20 May 2022	141.45	144.15	140.40	141.10	141.10	1,997,657
19 May 2022	143.00	144.00	139.20	139.70	139.70	2,061,729
18 May 2022	147.95	149.74	146.05	146.15	146.15	1,526,072
17 May 2022	148.05	148.30	145.85	147.50	147.50	1,733,431
16 May 2022	146.95	147.85	145.15	146.55	146.55	1,659,211
13 May 2022	-	-	-	-	-	-
12 May 2022	143.00	145.15	140.20	144.15	144.15	3,135,103
11 May 2022	144.20	148.50	140.00	147.25	147.25	4,319,898
Close price adjusted for splits.*Close price adjusted for splits and dividend and/or capital gain distributions.

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NIKKEI 22526,215.79+278.58(+1.07%)

HANG SENG17,079.51-143.32(-0.83%)

CRUDE OIL82.66+3.17(+3.99%)

GOLD FUTURES1,700.10+28.10(+1.68%)

DOW29,364.48+638.97(+2.22%)

BTC-GBP17,211.82+122.55(+0.72%)

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

Virgin Money UK PLC (VMUK.L)

NIKKEI 225
26,215.79
+278.58(+1.07%)

HANG SENG
17,079.51
-143.32(-0.83%)

CRUDE OIL
82.66
+3.17(+3.99%)

GOLD FUTURES
1,700.10
+28.10(+1.68%)

DOW
29,364.48
+638.97(+2.22%)

BTC-GBP
17,211.82
+122.55(+0.72%)