Categories:Investments,UK

Budget: Structural deficit to be balanced by 2015

  • Print
  • Comment

Chancellor George Osborne says he aims to eliminate the structural deficit by 2015 in the coalition government’s emergency first budget.

The cut will help support gilts at the same time as giving the government flexibility to increase cyclical borrowing to support economy in times of weakness.

However, it will hit beneficiaries of long-term public spending, including possibly some domestic-facing UK stocks.

  • Print
  • Comment

Daily Email Updates

If you enjoyed this article, sign up to receive the latest breaking news and analysis for your industry from Fund Web.

The Money Marketing CPD Centre

Time spent reading about technical or regulatory issues can build your annual CPD hours. Log and plan your annual CPD for free with The Money Marketing CPD Centre.



Have your say Edit my profile/screen name

You must sign in to make a comment


Fund Data



Poll

Would inclusion on a 'dog' list cause you to sell a fund?