What will UK Chancellor Jeremy Hunt deliver in his Spring Budget? Will he be able to splash any cash, will he hold back sweeteners until closer to the next general election, or will the OBR’s new economic forecasts tie his hands?
Group Chief Economist Neil Shearing held a special briefing with Chief UK Economist Paul Dales and Markets Economist James Reilly shortly after the Chancellor’s statement. The team answered client questions and addressed key issues, including:
- What the OBR’s new economic forecasts meant for the amount of cash the Chancellor has had to play with.
- How new tax and spending measures will influence the UK economic outlook.
- What this all means for financial markets – and for the Bank of England.
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