Spring Statement offers 'light relief in face of heavy realities'

Actions fall short

Elliot Gulliver-Needham
clock • 3 min read
Credit: HM Treasury/Flickr
Image:

Credit: HM Treasury/Flickr

Chancellor Rishi Sunak gave his Spring Statement last Wednesday (23 March), which analysts said did little to address the headwinds threatening the UK’s economic recovery. 

"Is that it?" asked Myron Jobson, senior personal finance analyst at interactive investor. Oliver Jones, asset allocation strategist for Rathbones, said the statement "did not fundamentally alter the fact that the outlook for the UK economy is darkening," flagging three potential headwinds for the UK economy. Inflation Inflation is front of mind for many analysts, as it reached a 30-year high of 6.2% in February and is set to climb above 8% in April. Inflation is now predicted to average 7.4% throughout 2022. UK inflation continues to climb to highest rate in 30 years With wag...

To continue reading this article...

Join Investment Week

  • 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 slides into bear market

Market Movers Blog: Russia defaults on foreign debt - reports

Latest news and analysis

Investment Week
clock 27 June 2022 • 1 min read
David Kimberley is an investment trusts writer at Kepler & Partners

Opportunity amid madness: Valuations more attractive in wake of panic-driven price drops

Buy opportunities have arisen

David Kimberley
clock 21 June 2022 • 4 min read
The Big Question: Preparing for a bear market

The Big Question: Preparing for a bear market

What are the best strategies?

Investment Week
clock 17 June 2022 • 1 min read
Trustpilot