UK Budget Fallout: CEOs Decry Lack of Growth Measures as Crypto Markets Watch

British business leaders delivered scathing assessments of Chancellor Rachel Reeves' first Budget, calling it a missed opportunity to stimulate growth amid rising corporate costs. The lack of pro-growth policies contrasts sharply with Labour's campaign rhetoric of a "national mission" for economic expansion.

Key pain points include the minimum wage hike, upcoming labor reforms, and increased employer national insurance contributions. Andrew Murphy of The Entertainer dismissed the policies as "the least bad it could be," while British Chambers of Commerce Director-General Shevaun Haviland noted the absence of a transformative growth blueprint.

Market observers draw parallels to crypto's institutional adoption trajectory—grand promises followed by incremental implementation. The FTSE 100 director's characterization of the Budget as "a debt restructuring rather than an equity story" echoes sentiments from traditional finance investors awaiting clearer crypto regulations.