Labour’s first budget was a big one – new fiscal rules, large tax and spend increases, and a big rise in investment. Paul Diggle and Luke Bartholomew are joined by Lizzy Galbraith to break down the measures, and assess what they mean for the UK’s economic, political and market outlook.
Global Macro Research
Macro BytesA budget for growth, or for higher gilt yields?
New fiscal rules, elevated taxes, higher government borrowing, and boosts to public expenditure. As financial markets assess these changes, discover our perspective on the UK budget and its potential impact on growth.
Authors
Paul Diggle
Chief Economist
Luke Bartholomew
Deputy Chief Economist
Contributors
Lizzy Galbraith
Duration: 23 Mins
Date: 04 Nov 2024