The problem with money is there is just too much of it, and all the wrong people have got it.
Its UK Budget day and we pretty much know what to expect – but what’s the big plan? Now you’re asking… It’s time for a bold reinvention of the UK, but Sunak is more likely to prove a traditional conservative..
The UK’s decision to hike taxes and put a sticking plaster on the cash-haemorrhaging NHS highlights serious issues for Soveriegn Debt Investors. Expectations on interest rates and currency markets are one issue, but the competency of governments to manage the quantum of debt raised through the pandemic and avoid rising uncertainty will be increasingly under the microscope.
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