French bond rout raises the stakes for the UK Budget

Recent developments in the French bond market strengthen the case for a prudent UK Budget on Wednesday. But the government still has room to act. We expect some temporary cost-of-living support and longer-lasting increases in capital spending, funded mainly by higher taxes on banks, online retailers and wealthy households. Most importantly, the Chancellor needs to stick to the plans to reduce the deficit and stabilise the debt ratio.  

We’ll be discussing what was announced in the Budget and what it means for the economy and markets in a 20-minute online session at 3pm GMT on Wednesday 28th October. (Register here.)