The new Chancellor George Osborne said his first budget was both ‘unavoidable' and an ‘emergency' and yet many of his policies had the look of being well thought out and planned.
The UK gilt market rallied in the run-up to the Budget and while Osborne was giving his speech, but this initial growth spurt now seems to have moderated.
OPM Fund Management has bought its second reverse convertible product in two weeks, to benefit from volatility in the share prices of property companies.
Last week both Moody's Investor Services and Fitch Ratings said the emergency Budget is supportive of the UK's AAA rating.
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