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31 Oct 2018
Cenkos: Budget 2018 - Sprinkling the gold dust?
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Cenkos: Budget 2018 - Sprinkling the gold dust?
- Published:
31 Oct 2018 -
Author:
Cavendish Research -
Pages:
9
To be honest whilst there was more in this Budget as far as the sector is concerned than has recently been the case, I believe investors will barely blink. On a bigger picture macro view I guess the decision investors have to make is whether it likes a new era of increased government spending (£30bn irrespective of Brexit), personal tax cuts and real wage growth at the expense of slower OBR forecast GDP growth and increased government borrowing ratios. However, at a more micro sector level: