Bank of America(US:BAC) Sou Hu Cai Jing·2025-11-20 14:24Group 1 - The core viewpoint is that Bank of America strategists question the early easing of concerns regarding persistent inflation in the UK, despite recent data showing a slowdown in overall inflation for October, marking the first decline in seven months [1][2] - The strategists express skepticism about the notion that the stubbornness of inflation has ended, highlighting potential concerning tail risks [1][2] - One identified risk is the possibility of a shift in fiscal policy towards looseness due to potential changes in the current government, which may arise from policy reversals and internal party conflicts [1][2] Group 2 - The UK Chancellor of the Exchequer, Reeves, is set to announce the budget next Wednesday, which includes a reversal in income tax adjustments, but the overall budget is expected to exert pressure on households and businesses [1][2]