{
  "id": 16584923,
  "title": "What UK hedge funds want from the Budget",
  "url": "https://urgent.news/2026/10/26/what-uk-hedge-funds-want-from-the-budget",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T09:26:00.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://hedgeweek.com/news/what-hedge-fund-managers-want-from-the-budget"
  },
  "original_language": "en",
  "account": "Finance industry leaders are requesting several key elements in the UK Budget, as John Healey prepares his first Budget under pressure to find new revenue and address an expected fiscal hole. Hedge funds are concerned about a potential windfall tax on banks and the overall financial climate. Their main requests include a credible growth plan, diligence in the gilt market, and a tax regime that retains talent in London. Adrian Vlad, founder of Hegel Capital, emphasizes the need for a growth plan rather than just tweaks, asking what the UK will look like in five years and which sectors will drive it. He also stresses the importance of honest answers on defense, the triple lock, and social care to reduce the national debt. Igor Yelnik, CIO and CEO of Alphidence Capital, places greater emphasis on the credibility of bond investors, noting the high debt-to-GDP ratio and the recent deficit increase. He expects bond investors to deliver their verdict quickly and is not optimistic about the outcome, particularly if the chancellor focuses on taxing the rich rather than reducing spending. All managers agree that tax policies should not drive talent and capital out of London, warning against measures like capital gains tax hikes and exit charges. Instead, they advocate for low taxes, no punishment of non-doms, and no exit tax. They also suggest revising the non-dom regime, offering tax breaks for founders, and simplifying the tax system to bring money back into UK equities. Additionally, they propose addressing weak productivity and advocating for decentralization and devolution to empower local decision-making in areas like energy, transport, housebuilding, and social services.",
  "summary": "A credible growth plan, gilt-market discipline and a tax regime that keeps talent in London top the wish list as John Healey prepares his first Budget John Healey delivers his first Budget on Wednesday under mounting pressure to find new revenue and close an expected fiscal hole. The finance industry fears a windfall tax. JPMorgan Chase chief Jamie Dimon, who helped talk Rachel Reeves out of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}