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18 Mar 2015
UK Budget: UK on the right track - TDS
FXStreet (Guatemala) - Richard Kelly, head of global strategy, noted few surprises in 2015 UK Budget and said that the overall message was of being on the right track.
Key Quotes:
"Government announces minor reductions in income taxes and duties for consumers and oil and gas producers, as well as support for savers, but with minimal budget implications."
"Gilt issuance for 2015/16 is forecast at £133.4bn, about £10bn less than we expected, helped by a lower CGNCR and seeing linker issuance in particular lower than expected."
"Overall, no shocks in the budget or tone as the spotlight will now fall entirely on campaigning into the 7 May General Election and what looks almost certainly to be a hung Parliament."
Key Quotes:
"Government announces minor reductions in income taxes and duties for consumers and oil and gas producers, as well as support for savers, but with minimal budget implications."
"Gilt issuance for 2015/16 is forecast at £133.4bn, about £10bn less than we expected, helped by a lower CGNCR and seeing linker issuance in particular lower than expected."
"Overall, no shocks in the budget or tone as the spotlight will now fall entirely on campaigning into the 7 May General Election and what looks almost certainly to be a hung Parliament."