Using most of the fiscal headroom of about £15bn to cut taxes in the Spring Budget on 6th March would show that the Chancellor is putting the election before prudence. Such tax cuts may help lift the economy out of recession and probably won’t upset the bond market. But it may mean that whoever wins the election later this year has to work harder to keep the bond market onside.
We will be discussing what the policies announced in the Budget mean for the economy and the financial markets in a 20-minute online briefing shortly after the Budget at 3pm GMT on Wednesday 6th March. (Register here.)
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