The Barclays Research Team is out with their expectations on the UK’s Spring Statement, also known as the annual Budget release, due later today at 1130 GMT.
“Following the Chancellor's announcement at the Autumn Statement 2016, there will now only be one major fiscal event each year held in Autumn. Budget execution is well ahead of targets two months before the end of FY 2017, as January delivered a solid surplus of £10bn on healthy self-assessment revenues. The use of such extra headroom, if maintained, will be addressed at the Autumn Budget, while the Spring Statement.
It is unlikely to include policy measures but merely present an update of the macroeconomic assumptions.
GDP and productivity growth have been stronger than expected in the OBR's November projections suggesting the potential for an upgrade in near-term outlook; however, the longer-term forecasts are unlikely to be revised much.”
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 securities. 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 Forex 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.