Investors dump British stocks at record pace ahead of Rachel Reeves’s Budget, selling UK stocks at steepest rate since 2004. Survey shows shift out of UK equities into other markets, leaving funds “underweight” on UK stocks. Shadow business sec warns of economic drought under Labour policies.

Despite UK market outperforming US and Europe, investors flee due to tax hike fears. BoA survey shows optimism in market valuations rising, but 58% believe global stocks are overvalued. Most popular “trade” is buying tech giants, while UK stocks present contrarian opportunity for investors.

Treasury spokesperson emphasizes government focus on making UK attractive for businesses. Despite lack of investor enthusiasm, UK equities outperforming US, with two-thirds of FTSE 100 companies buying back shares. UK government aims to attract innovative companies and maintain strong FTSE 100 performance.

Read more at Yahoo Finance: ‘Terrified’ investors dump UK stocks at fastest pace in 20 years