UK Budget report: 5 things to watch out – FT

Dhwani Mehta FXStreet

The Financial Times (FT), in its article, reports five issues that will be watched in the UK Finance Minister Philip Hammond's Spring Statement due later on Tuesday.

Key 5 points to watch out:

“1. The economy

The most important judgment will be the OBR's new assessment of Britain's productivity growth prospects, which it cut sharply in November.

2. The public finances

The OBR indicated last month that it will make a "significant" downward revision to its estimate of public borrowing for 2017-18.
The improvement in the public finances over the past six months means that Britain has eliminated the deficit on its day-to-day budget.

3. Tax consultations affecting companies

Mr. Hammond is to launch a consultation into a problem with the value-added tax.

4. Tax consultations affecting people

A consultation on trusts.
Inheritance tax ... could lead to a new consultation.

5. Is Treasury brevity going to last?

This is not the first time a chancellor has pledged to have only one Budget a year.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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