The Rishi rebound: Chancellor's Budget provides a roadmap for post-Covid debt reduction and economic recovery

Interest rates on hold – for now

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Andrew Pease of Russell Investments
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Andrew Pease of Russell Investments

A realistic budget was announced on Wednesday that carefully balances the extension of more immediate pandemic support measures with longer-term tax increases aimed at reducing the UK's bulging debt levels.

The continued stimulus should keep the Bank of England from taking further action for the time being. In the immediate aftermath, markets were largely unmoved by the announcements, which seems the correct...

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