UK budget winners and losers: the pound, gilts and stocks

Published by
Reuters UK

By Lucy Raitano and Samuel Indyk LONDON (Reuters) – Finance minister Jeremy Hunt presented less gloomy forecasts for Britain’s economy at his Spring Budget on Wednesday. Upgraded official forecasts showed Britain, the only one of the G7 group of large economies not to recover to its pre-pandemic size, would now avoid a recession this year. “International investors will be constructive around the type of budget we’ve had today, which suggests a calmer approach to managing the UK,” said Edward Park, chief investment officer at Brooks Macdonald in London. GRAPHIC – Real GDP growth projections htt…

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