A decent fiscal boost is still on the way

This week brought the clearest sign yet that the economy has turned a corner. And with the prospect of a fiscal loosening in the Budget on 11th March likely to provide a further lift to GDP growth, we think that a gentle recovery will get going this year. Admittedly, the Chancellor won’t be able to splash the cash. But he’ll probably do enough to transform fiscal policy from a headwind to a tailwind.