In this briefing:
1. Preview: UK Fiscal Spring Statement Beside Brexit
- The Spring Statement is intended to be more of a fiscal update than a significant event, and limited forecast changes further shrink its relevance, especially relative to Brexit. However, I expect the new remit for 2019-20 to be £128bn.
- Reforms to the RPI have become a market concern again, but now would be a terrible time for the Chancellor to rock the boat. A consultation could be launched into reforms of the index’s use, rather than construction, though.
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