What does Javid's resignation mean for UK markets and investors?
Loose fiscal policy, but more uncertainty
Javid quit weeks before he was due to deliver the Budget. Photo: Foreign & Commonwealth Office/Flickr CC BY 2.0
The sudden resignation of Chancellor of the Exchequer Sajid Javid is expected to mean looser fiscal policy, which will be good news for UK assets, but experts have warned the move increases short-term uncertainty.
In a shock to the market and the UK public, the Chancellor announced his resignation today (13 February), just under a month before he was expected to deliver the first post-Brexit Budget. Chief Secretary...
