UK Labour Party's influential Tribune group of more than 100 MPs has called for less “caution” on fiscal policy in a new pamphlet that demands a change of direction to the left, Bloomberg's Wickham posts

The UK Labour Party's Tribune group is pushing for a shift to the left in fiscal policy, advocating for less caution in government spending decisions. This could signal potential policy changes that may influence spending and taxation strategies, impacting market sentiment around UK equities and government bonds (gilts) as investors reassess risks associated with economic policies moving forward.