Rolling coverage of the latest economic and financial news

• Monday briefing: How Iran could retaliate against the latest round of Israel airstrikes
• Keir Starmer vows to ‘embrace harsh light of fiscal reality’ ahead of budget

Analysts at Goldman Sachs are predicting that economic uncertainty in the UK should fall once Wednesday’s budget has passed – unless the bond market reacts badly, of course!

In a research note, they predict Rachel Reeves will steer a middle course, which could be good for shares in UK companies.

Our economists expect the government to set a budget that finds a middle ground: it won’t be so tight as to hinder growth and investment, nor so loose as to risk fiscal stability.

If this is the case, it would be a support for our Buy British view and Long recommendation on FTSE 250.