Allira
David49
Allira
Well, DH told me about it as I didn't see it.
It sounds like a warning shot over the bows, very strange.
Sterling as been quietly sliding over the past week, announcing tax rises was as much for markets as for us the rest of us, September deficit was very high, we all hope October will be better or the outlook is not good
Yes, but why a speech beforehand.
And why is the Autumn Budget so late?
Not much Christmas cheer, by the sounds of it.
Because sterling is sliding and reduce the shock of tax rises to come, they are going to break the election promises.
If they are going to maintain the high level of social spending they have to increase taxes because any economic growth is a long term aim.
Having decided to break their election promises there are going to be several changes, the tactic seems to be to increase investor confidence which will reduce debt interest cost. That alone will help all of us with mortgages and loans.
Why are we surprised they are going back on promises, they are polititians.