UK: Chancellor of the Exchequer expected to keep spring statement short - Rabobank
|Analysts at Rabobank suggest that after having moved his main budget to the autumn, the UK Chancellor of the Exchequer is expected to keep his spring statement short.
Key Quotes
“Hammond is likely to be on his feet for no more than 20 minutes and the focus is set to remain on the need to reduce government debt, which stands at a worrying 86.5% of GDP in the UK. That said, the UK’s budget deficit has shrunk by more than expected over the past year on the back of stronger growth and this has supported calls for more funding for the National Health Service and for defence. In response Hammond has signalled that there will be no tax or spending announcements today and instead he will only be offering signals regarding the areas which he wants to consult on ahead of the Budget later in the year.”
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.