UK Budget: Expect a fairly muted affair – TDS

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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