UK Budget: Expect a fairly muted affair – TDS

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.”