The emergency Budget may just save the government
2 years, 6 months ago

The emergency Budget may just save the government

The Independent  

It is very simple. If the emergency Budget on Friday helps the economy deliver a reasonable success story in two years’ time it may just save this government. And gilt yields climb even more than they otherwise would, and that pushes up the government’s borrowing costs, mortgages, and the cost of funding for businesses. Don’t expect it to grow much until underlying inflation is clearly on the downtrend, and remember that higher interest rates affect mortgages and hence squeeze homebuyers’ incomes too. To avoid a recession, or at least a serious one, the government needs the confidence of the international markets but it also needs the confidence of British consumers.

Economy Markets Cent Needs Borrow  emergency  regulations  cent  recession  budget  markets  confidence  economy  borrow  save  rates  needs  winter

History of this topic

Budgeting won't cure my sick dog, but it's made things a lot easier
5 years ago

Budgeting won't cure my sick dog, but it's made things a lot easier

ABC  

I've found myself weeping a lot this week. "The size of the emergency fund and how you approach it would be different for different people, but I think that it's important that everybody can access a bit of money in an emergency." "I think it's really good to look at your current situation, see what you can afford to put …

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