The segment covered the positive aspects as well as the risks associated with Treasury’s Medium Term Budget Policy Statement with Chris giving an overall assessment of the statement as "materially better than what we've been accustomed to over the last couple of years."
A positive standout for Chris was Treasury’s projected surplus, thanks primarily to tax revenue overruns. He highlighted Treasury’s debt stabilisation as a bright spot in the MTBPS and the role commodity windfalls will play in realising this objective.
On the risk side of things, Chris indicated the possibility of "fiscal slippage", with wage increases projected at 3% despite inflation sitting at 7.5%.
In closing, Chris noted the possible political permutations in parallel with the UK’s recent mini-budget.
Listen to the full conversation here.
The content herein is provided as general information. It is not intended as nor does it constitute financial, tax, legal, investment, or other advice. 10X Investments is an authorised FSP (number 28250).
