UK Budget: Expect a fairly muted affair – TDS
|The UK government delivers its second budget of the year today at 12:30pm GMT and analysts at TDS expect a fairly muted affair, with any newfound revenues used to increase spending, which should result in the Chancellor sticking closely to his three fiscal targets.
Key Quotes
“Better-than-expected revenues in 2017/18 could be over-shadowed by the OBR’s anticipated downward revision to productivity (and hence growth) in later years, which would weigh on the deficit beyond 2018.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.