The prolonged run up to the Autumn Budget caused a stock market frenzy as investors raced to pull out more than £10 billion in six months which was the longest selling havoc since record began in 2015.
November was the second worst month on record as investors took out £3.02 billion, according to Calastone funds network.
Edward Glyn, head of global markets at Calastone said this is “clear evidence” as to how much investors were worried about Rachel Reeves Budget.
Glyn said, “The political narrative has played havoc with UK savers in recent months. Never have we seen such consistent or large-scale selling before.”
“The recent period of policy uncertainty has clearly unsettled investors and, in some cases, prompted reactive decisions they may later regret,” he added.
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