Macro - Weekly Briefings - United Kingdom
Description
The media debate around whether the Chancellor exaggerated the size of the UK's fiscal repair job is misplaced, in our view. The bigger issue is that the deficit reduction plan is based on the unlikely prospect of a significant tightening in an election year and optimistic GDP forecasts. Markets have given the government the benefit of the doubt so far, but that might not last.
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5 Pages
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