Columbia Threadneedle: Will there be any good news in the Budget?

Steven Bell, Chief Economist, EMEA
Video

Taxes set to rise but the economy is improving.

22.10.2024 | 05:00 Uhr

Key Takeaways

  • The upcoming UK Budget is widely expected to result in higher spending, taxes and borrowing.
  • The Chancellor will be welcoming news that inflation has fallen and retail sales ticked up.
  • Hopes for further interest rate cuts have increased and the Office for Budget Responsibility could deliver an improved outlook.
  • Tax rises will provide a challenge but a broader perspective should be a sensible profile for public finances against an improving economy.


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