Analysts at Nomura suggest that the UK’s budget was a giveaway budget, largely thanks to spending on the National Health Service (NHS) but also owing to a modest fiscal easing on top of that too. Key Quotes “One might say – ‘but didn’t we know about the higher NHS spending already?’ The answer of course is ‘yes’ – the government announced the sizable spending increase on health in June. But what we didn’t know until yesterday was that it would not be funded by a rise in taxes or a cut in spending elsewhere. That’s what makes yesterday’s budget a big deal fiscally.” “In short, the measures announced in yesterday’s budget are worth around 0.7% of GDP per year between 2019-20 and 2021-22, rising to over 1% of GDP by the end of the forecast horizon. This is, therefore, the biggest fiscal loosening since the recession following the financial crisis.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next The UK financial watchdog may ban crypto derivatives FX Street 4 years Analysts at Nomura suggest that the UK's budget was a giveaway budget, largely thanks to spending on the National Health Service (NHS) but also owing to a modest fiscal easing on top of that too. Key Quotes "One might say - 'but didn't we know about the higher NHS spending already?' The answer of course is 'yes' - the government announced the sizable spending increase on health in June. But what we didn't know until yesterday was that it would not be funded by a rise in taxes or a cut in spending elsewhere. That's what makes yesterday's budget a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
