The Budget was a fairly cautious affair, with the Chancellor introducing a fiscally neutral package of measures and hence sticking closely to the existing austerity plans. Nonetheless, the Government’s fiscal consolidation plans continue to rest on a strong recovery in the economy over the next few years. This, in turn, relies heavily on continued strong support from monetary policy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services