020 7898 0500Chancellor Philip Hammond will deliver his Autumn Budget today and might well inject some much-needed funds into society. After a decade of austerity, public sector net
borrowing figures have fallen which could free up some cash. Theresa May also promised an end to austerity when she spoke at the Tory party conference, so perhaps today is the
day that we get actions speaking louder than words.
Friday was relatively quiet for UK economic data and there were no political fireworks either. Sterling fell below the $1.28 barrier early in the day but managed to climb back
above is at the day wore on. It wasn’t a great week for the pound though and the next big move could depend on whether a Brexit deal can be achieved or not. If we were to
consult a Magic 8-Ball, it would probably say Outlook Not So Good at the moment, but there is still time to make it say It Is Decidedly So.
In addition to the Autumn Budget, we will also see the Nationwide housing prices for October and mortgage approvals for September. On Thursday, the Bank of England will
announce its interest rate decision and while they will almost certainly keep rates on hold this time around, it will be interesting to see what policymakers say about future
economic policy.
