This Update was originally sent to clients as a Rapid Response immediately after the announcement that Sajid Javid was being replaced as Chancellor by Rishi Sunak at 12pm on 13th February 2020.
The unexpected resignation of Sajid Javid as Chancellor and the promotion of Rishi Sunak to the role could mean that fiscal policy will provide an even bigger boost to GDP growth over the next few years than we already expected. This could increase the upside to our forecasts for GDP growth, interest rates, gilt yields and the pound, which are all already above consensus.
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