Investors withdraw record £2.7 billion from UK stock market amid tax concerns

Investors withdrew a record £2.7 billion from equity funds in October, the largest outflow ever recorded. This followed concerns over upcoming capital gains tax increases announced in the recent Budget. The sell-off marks a significant shift, as September also saw net outflows for the first time in 11 months. All categories of funds experienced withdrawals, raising concerns about the stability of the London market. UK company valuations are declining as investors move away from British stocks. This trend reflects growing unease about economic conditions and government policies.