No free lunch for consumers: What to expect from the Spring Statement

Chancellor might ‘splash some cash’

clock • 4 min read

The Chancellor’s Spring Statement will not be “a free lunch of giveaways”, although the cost-of-living crisis and upcoming council elections is likely to encourage “more generosity than usual”, according to several industry commentators.

Chancellor Rishi Sunak is due to deliver his Spring Statement tomorrow (23 March), at a time when rising food and energy prices is putting pressure on household finances. "The Spring Statement should be viewed as part of a fiscal-monetary policy ‘double act' which, so far, has buoyed asset prices with huge spending and very low interest rates," said Mike Coop, chief investment officer at Morningstar Investment Management. Higher food prices expected as war in Ukraine adds strain to supply chains He added that despite the government's "loss of popularity", looming council elections,...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Market Movers Blog: S&P 500 and Dow Jones hit record highs following US inflation data

Market Movers Blog: S&P 500 and Dow Jones hit record highs following US inflation data

Latest news and analysis

Investment Week
clock 25 April 2024 • 1 min read
How big an impact could global elections have on portfolio allocation in 2024?

How big an impact could global elections have on portfolio allocation in 2024?

US, UK and India main focuses

Investment Week
clock 19 February 2024 • 8 min read
Hotter than expected US inflation tempers Fed rate cut expectations

Hotter than expected US inflation tempers Fed rate cut expectations

Annual price growth falls to 3.1%

clock 13 February 2024 • 1 min read
Trustpilot