Steven Fine, chief executive of Peel Hunt. (Image: Peel Hunt)

The boss of one of London’s best-known investment banks has shrugged off concerns over the Budget, suggesting that the tax-raising plans pleased financial markets.

Peel Hunt CEO Steven Fine said markets viewed the state of the UK’s finances as “quite stable” following the Budget, pointing to a rise in the government’s fiscal headroom which helped remove some uncertainty among businesses.

“Forget how it was delivered, forget the kite flying, forget the OBR leak,” Fine told City AM .

“For me the outcome of the Budget was that it was taken well by the market…we saw gilt yields come down towards their 12-month lows, the stock market near an all-time high and the currency market’s slightly stronger.

“The market thinks this is

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