Fiscal Policy

21 November 2022 Own Goals in Latest Budget Raise UK Inflation and Debt Interest Spending

Own goals in HM Treasury's latest budget will add a percentage point to the inflation rate from April and force the taxpayer to cough up nearly an extra £5 billion of funds to cover the result…

08 September 2021 Why Tax Hikes Risk Sending British Pound into the Slow Lane say Analysts

UK tax rises are "significant enough to slow the economic recovery next year" - Pantheon Economics.

04 March 2021 Corporation Tax Hike: "Incentive to Grow is Now Heavily Burdened" - Business Reactions

The UK Treasury said in its 2021 budget it would raise corporation taxes for the first time in 40 years in 2023 as it seeks to boost government revenues in order to shore up its finances following …

04 March 2021 UK is the Biggest "Easer" in the Pack, Could Help Pound Sterling Near-term

The British Pound went higher against the world's major currencies following the announcement of the UK government's spending and tax plans on Wednesday, with economists saying the measures are lik…

04 March 2021 Pound-Euro Rate's Steady Climb Extends Following Sunak's 'Giveaway' Budget

Pound Sterling remains on track to extend higher against the Euro courtesy of a relatively well received 2021 budget, the UK's vaccine advantage and broadly stable global equity markets.

03 March 2021 Budget 2021 a 'Win Win' for Pound Sterling, Advances v Euro and Dollar

The British Pound held onto gains against the Euro, Dollar and the majority of the major currencies following the 2021 budget announcement, which saw the negative impact of a tax rise on businesses…

02 March 2021 "Crippling Tax Raid" on Small Businesses and Self-Employ Feared

The self-employed "badly need support" not a "crippling" tax raid says organisation representing independent professionals and the self-employed.

12 February 2021 Raise Taxes and Risk Killing the Recovery Mr. Sunak

Economist warn the UK Treasury could risk derailing any post-covid economic recovery by raising taxes and slashing spending in a quest to rebalance the country's books.

30 October 2018 Big British Pound Rally in Store for 2019 as pro-Growth Budget Prompts Surprise BoE Rate Rises, but Expect More Soft Trade vs. the Euro and Dollar Near-Term

Outlook for the British Pound has improved notably on the back of the planned fiscal expansion announced by the U.K.'s Treasury.

29 October 2018 OBR Upgrades U.K. Growth Forecasts after Budget "Giveaway"

The outlook for the U.K. economy has improved in 2018, according to the latest round of Office for Budget Responsibility (OBR) forecasts, suggesting the lacklustre growth rates seen earli…

29 October 2018 British Pound and Budget 2018: U.K. Economic Growth Forecasts Upgraded but GBP to Remain Under Pressure Near-Term against EUR and USD

Growth forecasts for the U.K. economy in 2019 have been upgraded by the Office for Budget Responsibility announces Chancellor Philip Hammond however Sterling will await clear progress in Brexit neg…

22 November 2017 Budget 2017: British Pound Reactions & Analyst Viewpoints

The British Pound is flat ahead of the week's key event - the 2017 budget announcement. We consider the issues to watch and potential reactions by Sterling.