UK budget to deliver a little less austerity and a few giveaways
Societe Generale notes... The PSNBex deficit for 2014-15 fiscal year just ending should be revised down by £2.3bn to £89bn. The following years should be lowered by about £3bn pa unless the Chancellor chooses to use some…
The PSNBex deficit for 2014-15 fiscal year just ending should be revised down by £2.3bn to £89bn.
The following years should be lowered by about £3bn pa unless the Chancellor chooses to use some of the improvement to finance his giveaways. It will be appealing for Mr Osborne to say that the pace of spending cuts can be eased slightly because of the better than expected economic performance.
More recently, there have been stories that he plans to cut a further £12bn from the welfare budget.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
