Will the BOE jump in Front of the UK budget? -check out the FTSE 100 this morning

As mentioned here previously, usual economic thinking would suggest that significant Tax rises would, or rather should be accompanied by interest rate cuts. The prospect of the new UK chancellor making some significant revenue raising measures at the end of next month (October 30 UK budget) and pretty much guaranteed. Ahead of that, the Bank of England is due to decide on interest rates next week (September 19). Right now mot many in the markets are expecting any reduction in the current 5% base rate, but the thing is; the BOE can wait until the details of that budget are known and then perhaps take action in November. So, whilst a cut next week would seem unlikely, it almost certain to come on November 7. Ahead of all this the FTSE 100 has been lagging its peers and there is good reason for that and it lies in what the markets fear is to come at the end of October. If the UK chancellor gets this wrong, by raising non-income based taxes too much, it will not be greeted well and I can tell you right now- money and investments are already reacting to the prospect of a significantly higher Capital gains tax regime and that is why the FTSE 100 has lagged most recently. That said the index has just reopened this morning and it is slightly higher in early trading, currently at 8,153