GDP growth forecasts were a tad higher than expected, at 1.4% for next year and 1.7% in 2018. However, looking beyond that, the Office for Budget Responsibility growth forecasts look very similar to their March forecast, so there is little sense that they believe Brexit, when it happens, will be a significant headwind to growth.
While the Chancellor met her fiscal rules with unexpected headroom, the real challenge lies in delivering on future commitments.
The UK is at an inflection point. In this episode, Rupert Harrison CBE—Senior Adviser at PIMCO and former Chief Economic Adviser to the UK government—and Dr. Peder Beck-Friis, Economist at PIMCO, share actionable insights on navigating the UK’s evolving investment landscape.
Last week, Rachel Reeves outlined her plans to raise revenue and fund public spending - but how might the new measures affect your clients' finances? Fidelity's Tom Stevenson shares his take on the key themes and their potential impact on your clients' finances.
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